The following information is available for Blue Spruce Corp. for the year ended December 31, 2017. $ 47,520 Beginning cash balance Accounts payable decrease Depreciation expense 3,907 171,072 Accounts receivable increase 8,659 Inventory increase 11,616 Net income 300,010 Cash received for sale of land at book value 36,960 Cash dividends paid 12,672 Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock 4,963 305,184 27,456 Cash received from issuing bonds 211,200 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or Blue Spruce Corp. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to %24