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Bluegrass Corporation's current year income statement, comparative balance sheets, and additional information follow. Additional Information...

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Accounting

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Bluegrass Corporation's current year income statement, comparative balance sheets, and additional information follow. Additional Information on Current Year Transactions a. The loss on the cash sale of equipment was $8,125 (details in b). b. Sold equipment costing $55,875, with accumulated depreciation of $33,125, for $14,625 cash. c. Purchased equipment costing $99,375 by paying $36,000 cash and signing a long-term notes payablo for the balance. d. Paid $47,325 cash to reduce the long-term notes payable. e. Issued 2.800 shares of common stock for $20 cash per share. f. Declared and paid cash dividends of $50,700. Required: 1. Prepare a complete statement of cash flows using the indirect method for the year ended Docember 31, 2023. (Amounts to be deducted should be indicated with a minus sign.) \begin{tabular}{|l|l|l|} \hline Net increase (decrease) in cash & & \\ \hline Cash balance at December 31,2022 & & \\ \hline Cash balance at December 31,2023 & & \\ \hline & \\ \hline \end{tabular}

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