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The income statement of Indigo Company is shown below. 1. Accounts receivable decreased $300,000 during the year. 2. Prepaid expenses increased $180,000 during the year.

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The income statement of Indigo Company is shown below. 1. Accounts receivable decreased $300,000 during the year. 2. Prepaid expenses increased $180,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $280,000 during the year. 4. Accrued expenses payable decreased $110,000 during the year. 5. Administrative expenses include depreciation expense of $70,000. Prepare the operating activities section of the statement of cash flows for the year ended December 31,2020 , for Indigo Company. using the indirect method. (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis eg. (15,000).)

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