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Required information [The following information applies to the...

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Accounting

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Required information [The following information applies to the questions displayed below] Bluegrass Corporation's current year income statement, comparative balance sheets, and additional information follow. Additional Information on Current Year Trensections a. The loss on the cash sale of equipment was $8.125 (details in b). b. Sold equipment costing $55,875, with accumulated depreclation of $33,125, for $14,625cash. c. Purchosed equipment costing $99,375 by paying $36,000 cash and signing a long-term notes payable 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 cosh dividends of $50,700 Required: 1. Prepare a complete statement of cash flows using the indirect method for the year ended December 31, 2023. (Amounts to be deducted should be indicated with a minus sign.)

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