Question 2 View Policies Show Attempt History Current Attempt in Progress 00403 - Your answer is partially correct. Each of the following items must be considered in preparing a statement of cash flows indirect method for Turbulent Indigo Inc for the year ended December 31, 2020 State where each item is to be shown in the statement of cash flows at all Items La) Plant assets that had cost $20.000 6 years before and were being deprecated on a straight line basis over 10 years with no estimated scrap value were sold for $5.300 there on bi During the year 10.000 shares of common stock with a stated value of $10 a share were issued for $43 share Id Uncollectible accounts receivable in the amount of $27.000 were written off against Allowance for Dout Accounts Investing and Funn y Not Reported on how di The company sustained a netloss for the year of 550.000 Depreciation amounted to $22.000 and again of $9.000 was realled on the sale of land for $39.000 cash e A 3-month US Treasury bill was purchased for $100.000 The company uses a cash and cash olivalent basis for its cash flow statement Patent amortization for the year was $20.000 Investing Activity Norching and Franc et reported on Cash Flows The company exchanged common stock for a 70% interest in Tabasco Co. for 900.000 thi During the year, treasury stock costing $47.000 was purchased and Financing eTextbook and Media were Not Reported on Cash Flows Operating and Financing Activity Investing and Financing Activity for Operating and Investing Activity Not Reported on Cash Flows Financing Activity Investing Activity Noncash Investing and Financing Activity Operating Activity Attempts: 1 of 3 used Submit