Exercise 12-07 The following information is available for Indigo Corporation for the year ended December 31, 2022. Beginning cash balance $ 76,500 Accounts payable decrease 6,290 Depreciation expense 275,400 Accounts receivable increase 13,940 Inventory increase 18,700 Net income 482,970 Cash received for sale of land at book value 59,500 Cash dividends paid 20,400 Income taxes payable increase 7,990 Cash used to purchase building 491,300 Cash used to purchase treasury stock 44,200 Cash received from issuing bonds 340,000 Indigo Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities 482,970 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 275,400 Increase in Accounts Receivable V