The comparative statement of Finandal position of Blue Spruce new at June 30, 2020, and a statement of comprehensive Income for the 2020 Focal year follow BLUE SPRUCE INC Statement of Finandal Position June 30, 2020 June 30 Assets 2020 2019 $ 20,000 5 38.000 72.500 85.900 Accounts receivel ventory Prepaid 102,200 2.800 101.300 6.500 47,300 44.000 FV-OCI Investment Egulment 174000 (24,0001 150.000 125.000 Accumulated depredloguipment $ 396,600 $ 395 200 $ 104,000 $112.000 2,000 2.500 5.300 Llable and Shareholders' Equity Account payable Income tax paye Dividends payable Love-tarm Motus payable Common share Retained earning Accumulated other comprehensive Income 121.500 81.200 31,400 153.400 11,300 $395,500 22.800 135.900 3.000 $395.300 BLUE SPRUCE INC Statementor Comprehensive Income For the Year Ended June 30, 2020 Natale $220,000 160,000 160,000 Castar 2010 Cross profit Operating egases Income from operators 119,000 restone Income before Income tax Income tax 41,000 8.200 32,800 5.900 26,900 Net Income Other comprehensive Income Unrealized por las-oc Comprehensive Income 3.300 $ 30,200 Additional normation 1 Blue Spruce follows IFRS. Asume that interest rated as an opening elity for purpose of the statement of each Flow Operating oppanass induce 311,000 an aptise There were no disposals of equipment during the year. 2 3 Common shara ward for can 5. During the year. Blue Soussegured $3,100 gugmentin ehange for long parable Prepare the statement of cash flows for Blue Scruce for the year ended.une 30, 2020, waling the Indirect method along with any necessary note dedicure Show amounts that decrease cash flow with either a signes -15.000 or in parenthesises (15.000 BLUE SPRUCE INC Statement of Cash Flows For the Year Endes June 20, 2020 Cam From Opening Nesim/Low 24.00 Adments to reconcile net income to niet cash provided by opening advice > > > > > > > was purchased in exchange for anots payable During the year, gulment with cost of Caah peld during the year for interest Cech peld during the year fortas Prepare the operating activities section of the statement of cash flows for Blue Spruce using the direct method. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis eg. (15,000).) BLUE SPRUCE INC Statement of Cash Flows $ > $ > Net Cash used by Operating Activities Net Decrease in Cash Cash Flows from Operating Activities DI Net Cash Provided by Operating Activities C c Net Cash used by Investing Activities Net Cash Provided by Investing Activities Cash Flows from Investing Activities PM sta th Net Cash used by Financing Activities Cash Flows from Financing Activities E s Cash at Beginning of Year Net Cash Provided by Financing Activities Net Increase in Cash Cash at End of Year Net Increase in Cash Net Cash used by Financing Activities Net Cash used by Investing Activities Cash Flows from Investing Activities Cash at End of Year Net Cash Provided by Operating Activities Net Cash Provided by Investing Activities Cash Flows from Operating Activities Net Decrease in Cash Net Cash Provided by Financing Activities Cash Flows from Financing Activities Cash at Beginning of Year Net Cash used by Operating Activities