Question 11 of 12 Presented here are the financial statements of Blue Spruce Company. Assets Cash Total < Accounts recei

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Question 11 of 12 Presented here are the financial statements of Blue Spruce Company. Assets Cash Total < Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Blue Spruce Company Comparative Balance Sheets December 31 Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income 2022 $129,100 $36.900 32.800 29,300 59,400 (29,300) $18,300 6,100 $28,400 7,000 26.400 Blue Spruce Company Income Statement For the Year Ended December 31, 2022 18.100 $129,100 49,200 $242.600 176.600 66,000 24,400 41.600 2.400 39,200 7,840 $31.360 2021 $20,800 18,100 20,700 77,700 (23.500) $113,800 $16,600 8,000 33,900 14,900 40.400 $113,800

Question 11 of 12 Additional data: 1. 2. 3 4₁ 5. (a) Depreciation expense was $16,300. Dividends declared and paid were $22,560, During the year equipment was sold for $7,800 cash. This equipment cost $18,300 originally and had accumulated depreciation of $10.500 at the time of sale. Bonds were redeemed at their carrying value. Common stock was issued at par for cash, Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sigrm -15,000 or in parenthesis eg. (15,000).) Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Blue Spruce Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 # Increase in Accounts Receivable Increase in Inventory Increase in Accounts Payable Decrease in Income Taxes Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities $ 16,300 -/1 (14,900) 31.360

Question 11 of 12 Increase in Accounts Payable Decrease in Income Taxes Payable Net Cash Provided by Operating Activities # Cash Flows from Investing Activities # Sale of Equipment Net Cash Provided by Investing Activities : Cash Flows from Financing Activities : Issuance of Common Stock Redemption of Bonds Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period eTextbook and Medial Save for Later # # # -/1 Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. !!!

(b) Compute free cash flow. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000)) Free cash flow $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer