Indigo Corporation had the following 2017 income statement.

Sales revenue

$187,000

Cost of goods sold

124,000

Gross profit

63,000

Operating expenses (includes depreciation of $19,000)

45,000

Net income

$18,000

The following accounts increased during 2017: Accounts Receivable $12,000, Inventory $9,000, Accounts Payable $14,000. Prepare the cash flows from operating activities section of Indigo's 2017 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 Corporation

Statement of Cash Flows-Indirect Method (Partial)

$

Adjustments to reconcile net income to

$

$