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Current Attempt in Progress Indigo Inc, a greeting card company, had the following statements prepared as of December 31, 2020. INDIGO INC. INCOMESTATEMENT FOR THE

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Current Attempt in Progress Indigo Inc, a greeting card company, had the following statements prepared as of December 31, 2020. INDIGO INC. INCOMESTATEMENT FOR THE YEAR ENDING DECEMBER 31, 2020 \begin{tabular}{lrr} \hline Sales revenue & $335.075 \\ Cost of goods sold & 175,200 \\ \cline { 2 - 2 } Gross profit & 159.875 \\ Operating expenses & 120.100 \\ Operating income & 39.775 \\ Interest expense & $11,400 & \\ Gain on sale of equipment & 2.000 & 9.400 \\ \hline \end{tabular} Additional information: 1. Dividends in the amount of $5,900 were declared and paid during 2020 . 2. Deprecibtion expense and amortization expense are included in operating expenses: 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,100 and was 70%6 depreciated was sold during 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cosh flow with ed parenthesises. (15,000). Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cosh flow with either a-sigs Question 6 of 7 eTextbook and Media Attempts: 0 of 3 used save for latef

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