ES ly Exercise 12-08 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 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 ES Indigo Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities LY Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities $