The income statement of Indigo Company is shown below. Additional information: 1. Accounts receivable decrsased...
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The income statement of Indigo Company is shown below. Additional information: 1. Accounts receivable decrsased $350,000 during theyear. 2. Prepeid expanses increased $160,000 during the year: 3. Aceounts poyable to supplisrs of merchandise decreased $280,060 during the year. 4. Accrued erpenses payabledecreased \$100,000 during the year. 5. Administrative expenses include depraciation sopense of $50,000. Prepare the operating activities section of the statement of cash flows using the direct method
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