Current Attempt in Progress Indigo Inc. had the following balance sheet at December 31, 2019. INDIGO INC. BALANCE SHEET DECEMBER 31, 2019 $ 23,380 Accounts payable 24,580 Bonds payable Cash $ 33,380 44,380 Accounts receivable Investments Plant assets (net) 32,000 Common stock 103,380 84,380 Retained earnings 26,580 Land 43,380 $207,720 $207,720 During 2020, the following occurred. 1. 2. 3. Indigo liquidated its available-for-sale debt investment portfolio at a loss of $8,380. Atract of land was purchased for $41,380. An additional $30,000 in common stock was issued at par. Dividends totaling $13,380 were declared and paid to stockholders. Net income for 2020 was $38,380, including $15,380 in depreciation expense. 4. 5. 5. 6. Net income for 2020 was $38,380, including $15,380 in depreciation expense. Land was purchased through the issuance of $33,380 in additional bonds. At December 31, 2020, Cash was $73,580, Accounts Receivable was $45.380, and Accounts Payable was $43,380. 7. (a) Prepare a statement of cash flows for the year 2020 for Indigo (Show amounts that decrease cash flow with either a sign 4.8. - 15,000 or in parenthesis e.s. (15,000).) INDIGO INC. Statement of Cash Flows Adjustments to reconcile net income to $ Land purchased through issuance of $ of bonds eTextbook and Media Save for Later Attempts: unlimited Subrnit