Additional information: 1. Operating expenses include depreciation expense of $52,090 / $24,900 of depreciation wopense far buildings and $27,290 for squipment). 2. Land was sold for cash at bookvalue. 3. Cash dividends of $14,980 ware paid. 4. Nat income for 2022 was $45,980. 5. Equipment was purchasad for $114,090 cash. In addition, aquipment costing $27,290 with a bookvalue of $12,400 was sold for $9,920 cash. 6. 49,600 shares of $1 par value common stock were issuad in exchange for land with a fairvalus of $49,600. Blue Spruce Corp. Statement of Cash Hows For the Yaiar Ended Dacember 31, 2022 Cech Flowa from Oo wreting Astivitiaa Net Income $45880 Adiustments to raconsile nat incoma to Not Cesh Proudded by Operatirg Acthitiss V Dspreciation Equerer s Irerecesein Aceounts Payabls Decrebse in Acoourta Rasedvalis \begin{tabular}{|l|} \hline Ireresese in lwwertary \\ \hline \end{tabular} Sels of Land Purchas of Equlpmart