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Indigo Corporation's income statement contained the condensed information below. Indigo Corporation Income Statement For the Year Ended December 31, 2017 Service revenue $2,298,900 $1,455,180 130,350
Indigo Corporation's income statement contained the condensed information below. Indigo Corporation Income Statement For the Year Ended December 31, 2017 Service revenue $2,298,900 $1,455,180 130,350 Operating expenses, excluding depreciation Depreciation expense Loss on disposal of plant assets Income before income taxes Income tax expense 37,920 1,623,450 675,450 132,720 $542,730 Net income Indigo Corporation's balance sheet contained the comparative data at December 31. 2017 2016 Accounts receivable Accounts payable Income taxes payable $165,900 97,170 30,810 $142,200 75,840 16,590 Accounts payable pertain to operating expenses. Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts tha Indigo Corporation Partial Statement of Cash Flows
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