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Question 10 of 11 Condensed financial data of Indigo Inc follow. Indigo Inc. Comparative Balance Sheets December 31 2025 2024 Assets Cash $113.120 $67.760
Question 10 of 11 Condensed financial data of Indigo Inc follow. Indigo Inc. Comparative Balance Sheets December 31 2025 2024 Assets Cash $113.120 $67.760 Accounts receivable 122,920 53,200 Inventory 157.500 140,990 Prepaid expenses 39.760 36,400 Long-term investments 193,200 152,600 Plantassats 399.000 339,500 Accumulated depreciation Total $955,500 (70,000) (72,800) $720,650 Liabilities and Stockholders' Equity Accounts payable $142,800 $94,220 Accrued expenses payable 23,100 29.400 Bonds payable 154,000 204,400 Common stock 308,000 245.000 Retained earnings 327,600 147630 Total $955,500 $720,660 Indigo Inc. Income Statement Data For the Year Ended December 31, 2025 Sales revenue $5.43.844 Lass Cost of goods sold $189.644 Operating expenses, excluding depreciation 17.374 Depreciation expense 65,100 Income tax expense 38,192 Interest expense 6,622 Loss on disposal of plant assets 10,500 327,432 Net income $214,412 Additional information: 4. New plant assets costing $140,000 were purchased for cash during the year. Old plant assets having an original cost of $80,500 and accumulated depreciation of $67,900 were sold for $2,100 cash. Bonds payable matured and were paid off at face value for cash. A cash dividend of $36,442 was declared and paid during the year. Common stock was issued at par for cash. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign ex-15,000 or in parenthesis eg. [15,000
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