Indigo Limited had the following financial statements: Indigo Limited Income Statement For the Year Ended December 31, 2023 Net sales $118,800 Cost of goods sold 70,200 Gross profit 48,600 Operating expenses 19,840 Income from operations 28,760 Interest expense 2,520 Income before income taxes 26,240 Income taxes 7,900 Net income $18,340 Indigo Limited Comparative Statement of Financial Position As at December 31 2023 2022 Cash $10,800 $7,020 Accounts receivable 8,460 6,300 Inventory 11,900 8,460 Prepaid insurance 1,800 1,440 Equipment 18,340 24,100 Accumulated depreciation-equipment (11,700) (12,780) Total assets $39,600 $34,540 Accounts payable $3,600 $4,860 Salaries and wages payable 1,440 1,440 Income tax payable 2,160 720 Bank loans 0 6,300 Common shares 10,800 10,800 Retained earnings 21,600 10,420 Total liabilities and shareholders' equity $39,600 $34,540 Additional information: Equipment that cost $5,760 was sold for the carrying amount of $2,700. Dividends declared and paid were $7,160. Prepare the operating activities section of a statement of cash flows using the direct method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Operating Activities Indigo Limited Partial Statement of Cash Flows For the Year Ended December 31, 2023 Cash Received from Customers Cash Paid to Suppliers Cash Paid for Operating Expenses Cash Paid for Interest Cash Paid for Income Taxes LA Cash provided by Operating Activities 74900 19480 2520 +A 6460 +A +A 116640 103360 13280