Question: Indigo Corp, uses the direct method to prepare its statement of cash flows. Indigo trial balances at December 31, 2020 and 2019, are as follows.

 Indigo Corp, uses the direct method to prepare its statement of
cash flows. Indigo trial balances at December 31, 2020 and 2019, are

Indigo Corp, uses the direct method to prepare its statement of cash flows. Indigo trial balances at December 31, 2020 and 2019, are as follows. December 31 Debits 2020 2019 Cash $35,200 $32,000 Accounts receivable 33,000 29,900 Inventory 31,300 47,000 Property, plant, & equipment 99,500 94,500 Unamortized bond discount 4,500 5,000 Cost of goods sold 248,500 383,100 Selling expenses 141,200 171,000 General and administrative expenses 137,900 152,000 Interest expense 4,400 2,600 Income tax expense 20,400 60,800 $755,900 $977,900 Credits Allowance for doubtful accounts Accumulated depreciation--plant assets Accounts payable Income taxes payable Deferred tax liability 8% callable bonds payable Common stock Paid-in capital in excess of par Retained earnings Sales revenue $1,300 $1,200 16,300 14,800 24,800 15,600 21,000 29,000 5,400 4,700 44,800 20,000 50,200 40,000 9,000 7.500 45,000 64,300 538,100 780,000 $755,900 $977,900 Additional information 1. Indigo purchased $5,000 in equipment during 2020 2. Indigo allocated one-third of its depreciation expense to selling expenses and the remainder to general and administrative expenses 3. Bad debt expense for 2020 was $5,000, and write-offs of uncollectible accounts totaled 54,900. Determine what amounts Indigo should report in its statement of cash flows for the year ended December 31, 2020, for the following items (a) Cash collected from customers. (b) Cash paid to suppliers. (c) Cash paid for interest. (d) Cash paid for income taxes. (e) Cash paid for selling expenses

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