The following information is available for Indigo Corporation for the year ended December 31, 2022.

Beginning cash balance		$ 40,800
Accounts payable increase		9,690
Depreciation expense		69,700
Accounts receivable decrease		8,160
Inventory decrease		5,270
Net income		97,240
Cash received for the sale of land at book value		176,800
Cash dividends paid		64,600
Income taxes payable decrease		6,630
Cash used to purchase land		137,700
Cash used to redeem bonds		112,200
Cash received from issuing stock		272,000

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).)

Answer rating: 100% (QA)

Indigo Corporation Cash Flow Statement For the year ended December 31 2022 Cash Fl... View the full answer