The Following Information is available for Blue Spruce Corporation for the year ended December 31, 2018.

The following information is available for Blue Spruce Corporation for the year ended December 31, 2018. Cash used to reacquire preferred shares Cash dividends paid Cash paid for interest $58.000 21.500 23.000 Net income 465,300 Sales 806,000 91.000 566,500 202.600 84.000 100,000 Cash paid for income tax Cash received from customers Cash received as proceeds from disposal of building Cash paid for operating expenses Cash paid to employees Beginning cash balance Cash paid to suppliers Cash received from issuing common shares Cash paid to redeem bonds at maturity Cash paid to purchase equipment Ending cash balance 11,000 184,700 370,000 250.000 113.500 224.400 Prepare a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - signe.g.-15,000 or in parenthesis es. (15,000).) BLUE SPRUCE CORPORATION Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating actitles Cash receipts from customers V 566,500 Cash Payments V $ V V v $ V v V $ v v $