Current Attempt in Progress

The comparative balance sheets for Blue Spruce Company as of December $31$ are as follows.

Additional information:

Operating expenses include depreciation expense of $$37,800($ $$18,000$ of depreciation expense for buildings and $$19,800$ for

equipment$).$

Land was sold for cash at book value.

Cash dividends of $$10,800$ were declared and paid.

Net income for $2025$ was $$33,300.$

Equipment was purchased for $$82,800$ cash. In addition, equipment costing $$19,800$ with a book value of $$9,000$ was sold for

$$7,200$ cash.

$36,000$ shares of $$1$ par value common stock were issued in exchange for land with a fair value of $$36,000.$

Prepare a statement of cash flows for the year ended December $31,2025,$ using the indirect method. $($Show amounts that decrease cash

flow with either a $-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

Adjustments to reconcile net income to

Net Cash Provided by Operating Activities

Depreciation Expense

Loss on Disposal of Plant Assets

Increase in Accounts Payable

Increase in Accounts Receivable

Loss on Disposal of Plant Assets

Decrease in Inventory

Net Cash Provided by Operating Activities

Cash Flows from Investing Activities

Purchase of Equipment