During 2022, Blue Spruce Corp. reported cash provided by operations of $921000, cash used in investing of $796000, and cash used in financing of $220000. In addition, cash spent on fixed assets during the period was $320000. Average current liabilities were $754000 and average total liabilities were $1991000. No dividends were paid. Based on this information, what was Blue free cash flow

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.