> The following information is available for Blue Spruce Corp. for the year ended December 31, 2022 QU A Q Ace Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net Income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $33,600 7.980 57.400 6,720 4,340 80,080 145,600 53,200 5,460 113.400 92,400 224,000 Q AE Q 9 Vi Qu AC Prepare a statement of cash flows using the Indirect method. (Show amounts that decrease cash flow with either a signes -15,000 or in parenthesis e.3. (15,000) Blue Spruce Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31,2022 Cash Flows from Operating Activities Net Income 80.000 Adjustments to reconcile net income to Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sig -15,000 or in parenthesis e.g. (15,000).) Blue Spruce Corp. Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities 80,080 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities : Depreciation Expense 57400 Decrease in Accounts Receivable 6.720 Decrease in Inventory 4.340 Increase in Accounts Payable 7.980 Decrease in Income Taxes Payable : 5,460 70980 Net Cash Provided by Operating Activities 15 1060 Net Cash Provided by Investing Activities Sale of Land 145600 Net Cash Provided by Investing Activities Sale of Land 145600 113.400 Purchase of Land Cash Flows from Investing Activities 32200 Cash Flows from Financing Activities Payment of Dividend 53.200 Redemption of Bonds 92,400 Issuance of Stock 224000 Cash at Beginning of Period 78.400 Net Cash used by Financing Activities 2 261660 Cash at Beginning of Period 33600 Cash at End of Period 295260 eTextbook and Media Save for Later Attempts: 2 of 5 used Submit