Please refer to the account names. give correct answer kudos! Mang Thanks!

Question 8 of 8 -/2 Condensed financial data of Indigo Company for 2020 and 2019 are presented below. INDIGO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1.770 $1,170 1,790 1,320 1,610 1.940 Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 1.910 1.680 (1.190) (1,200) 1,300 $7.180 1.420 $6,340 $1,210 $910 200 240 Accounts payable Accrued liabilities Bonds payable Common stock 1,370 1.560 1,880 1,740 Question 8 of 8 -/2 E 1.880 1,740 Common stock Retained earnings 2,520 1,890 $7,180 $6,340 INDIGO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $7,010 Cost of goods sold 4,730 Gross margin 2,280 Selling and administrative expenses 930 Income from operations 1.350 Other revenues and gains Gain on sale of investments Income before tax 1.430 80 540 Income tax expense Net income 890 540 Income tax expense Net income Cash dividends 890 260 Income retained in business $630 Additional information: During the year $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections 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 (Direct Method) A A > > > > > A A > A $ Cash Paid for Selling/Administrative Expenses Cash Paid for Income Taxes Purchase of Held-to-Maturity Investments Sale of Plant Assets Payment of Cash Dividends Sale of Investments Cash Paid for Merchandise Issuance of Capital Stock Sale of Bonds Payable Redemption of Bonds Payable Issuance of Common Stock for Plant Assets Purchase of Plant Assets Redemption of common stock Cash Receipts from Customers Purchase of Plant Assets Sale of Investments Sale of Plant Assets Issuance of Capital Stock Redemption of Bonds Payable Payment of Cash Dividends Purchase of Held-to-Maturity Investments Cash Paid for Merchandise Cash Receipts from Customers Sale of Bonds Payable Cash Paid for Selling/Administrative Expenses Redemption of Common stock Issuance of Common Stock for Plant Assets Cash Paid for Income Taxes $ Redemption of Bonds Payable Cash Paid for Merchandise Issuance of Capital Stock Cash Receipts from Customers Payment of Cash Dividends Cash Paid for Income Taxes Sale of Investments Purchase of Plant Assets Issuance of Common Stock for Plant Assets Cash Paid for Selling/Administrative Expenses $