Exercise 12-5 Your answer is partially correct. Try again The following information is available for Indigo Corporation for the year ended December 31, 2017 48,600 3,996 174,960 8,856 11,880 306,828 37,800 12,960 5,076 312,120 28,080 216,000 Beginning cash balance Accounts payable decrease Depreciation expense Accounts recelvable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2017 Cash Flows from Operating 306828 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities 174960 n Expense Increase in Accounts Recelvable 8856