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Show Attempt History Current Attempt in Progress Your answer is partially correct. The current sections of Blue Spruce Corp.'s balance sheets at December 31, 2021 and 2022, are presented here. Blue Spruce's net income for 2022 was $151,700. Depreciation expense was $27,300. Current assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Current liabilities Accrued expenses payable Accounts payable Total current liabilities 2022 $103,000 $98,300 78,400 87,900 167,700 171,100 26,500 22,100 $375,600 $379,400 $15,400 85,200 2021 $100,600 $9,100 95,300 $104,400 Prepare the operating activities section of the company's statement of cash flows for the year ended December 31, 2022, using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Blue Spruce Corp. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2022 #

Cash Flows from Operating Activities Net Income. Blue Spruce Corp. Statement of Cash Flows (Partial) - Indirect Method For the Year Ended December 31, 2022 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Accounts Receivable Decrease in Inventory Increase in Prepaid Expenses Increase in Accrued Expenses Payable Decrease in Accounts Payable Net Cash Provided by Operating Activities # eTextbook and Media Save for Later W 27,300 9,500 3,400 4,400 6,300 10,100 151,700 32,000 183,700 Attempts: 1 of 3 used Submit