VERBACK NEXT Blue Spruce Carp's statement of financial position at the end of 2019 included the following items: Current assets $1,215,000 Current liabilities $1,150,100 Land 31,200 Bonds payable 1,271,000 Buildings 1,320,000 Common shares 182,000 Equipment 340,000 Retained earnings 194,000 Accumulated depreciation--buildings (139,000) Accumulated depreciation-equipment (11,900) Intangible assets-patents 41,800 Total 52.797/100 Total 52.297/100 The following information is available for the 2020 focal years 1. Net Income was $392,000. Interest paid is classified as operating activities 2. Equipment (cost of $21,400 and accumulated depreciation of $8,190) was sold for $11,500 3. Depreciation expense was $4,040 on the building and $9,030 on equipment. 4. Amortization expense on a patent was $3,150. 5. Current assets other than cash increased by $33,000. Current liabilities increased by $31,000 6. An addition to a building was completed at a cost of $31,100 7. An IV.O investment in shares was purchased for $20,000 on the last day of the year. This was the first such investment made by Blue Spruce in its history 8. Bonds payable of $76,700 were issued at par .. Can dividends of $102,000 were declared and paid. Dividends paid are treated as financing activities Blue Spruce prepares financial statements in accordance with IFRS. Prepare a statement of financial position (SFP) as at December 31, 2020. (Hint: You will need to adjust colug') the December 31, 2020 amount of current assets to ensure the SFP balances) (List Property, plant and Equipment in order of Land, Buildings and Hquipment.) Blue Spruce Corporation Statement of Financial Position Assets Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. (Show amounts that decrease cash flow with either - sign .g. - 15,000 or in parenthesis e.g. (15,000).) Blue Spruce Corporation Statement of Cash Flows Adjustments to reconcile net income to net cash provided by operating activities > > >