Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2022 2021 $ 113,120 $67760 122,920 53.200 157.500 143.990 39,760 36,400 193,200 152600 399,000 339.500 170,000) (72800) $955,500 5720.650 Total Liabilities and Stockholders'Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 5142,800 594220 23.100 29.400 154,000 204.400 308,000 245.000 327,600 147630 5955,500 5720.650 5543,844 Indigo Corporation Income Statement Data For the Year Ended December 31, 2022 Sales revenue Less: Cost of goods sold $189,544 Operating expenses, excluding depreciation 17.374 Depreciation expense 65,100 Income tax expense 38.192 Interest expense 6.522 Loss on disposal of plant assets 10,500 Net income 327.432 5216,412 Additional information: 1 New plant assets costing $140.000 were purchased for cash during the year 2. Old plant assets having an original cost of $80.500 and accumulated depreciation of 567.900 were sold for $2,100 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $36,442 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors Prepare a statement of cash flows for Indigo Corporation using the direct method. (Show amounts in the Investing and financing sections that decrease cash flow with either e-signes. 15.000 or in parenthesis es. (15.000 Indigo Corporation Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities . For Income Taxes 216612 Add To Suppliers Sale of Plant Assets . 65100 . . . . . . . $ e Textbook and Media