Indigo Company's income statement for the year ended December 31, 2017, contained the following condensed information. $846,000 Service revenue Operating expenses (excluding depreciation) Depreciation expense Loss on sale of equipment Income before income taxes $630,000 61,000 27,000 718,000 Income tax expense 128,000 40,000 $88,000 Net income Indigo's balance sheet contained the following comparative data at December 31. 2017 2016 Accounts receivable Accounts payable Income taxes payable $35,000 42,000 3,900 $57,000 30,000 8,700 (Accounts payable pertains to operating expenses.) Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) INDIGO COMPANY Statement of Cash Flows (Partial) $ Adjustments to reconcile net income to $ +