The following information is available for Indigo Corporation for the year ended December 31, 2022. Beginning cash balance. $40,800 Accounts payable increase 9,690 Depreciation expense 69,700 Accounts receivable decrease 8,160 Inventory decrease 5,270 Net income 97,240 Cash received for sale of land at book value 176,800 Cash dividends paid 64,600 Income taxes payable decrease 6,630 Cash used to purchase land 137,700 Cash used to redeem bonds 112,200 Cash received from issuing stock 272,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) Indigo Corporation Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Decrease in Accounts Receivable 69700 9690 Increase in Accounts Payable 8160 Decrease in Accounts Receivable v 5270 Decrease in Income Taxes Payable -6630 97240 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Land Cash Flows from Investing Activities Cash Flows from Financing Activities Payment of Dividend Issuance of Stock Purchase of Land Net Cash Provided by Financing Activities 183430 Net Increase in Cash Cash at Beginning of Period Cash at End of Period +A