Brief Exercise 5-13

Indigo Company reported 2017 net income of $152,900. During 2017, accounts receivable increased by $17,160 and accounts payable increased by $9,582. Depreciation expense was $48,000. Prepare the cash flows from operating activities section of the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

INDIGO COMPANY Cash Flow Statement