The income statement of Indigo Company is shown below. INDIGO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $7,030,000 Cost of goods sold Beginning inventory $1,950,000 4,600,000 Purchases Goods available for sale 6,550,000 Ending inventory 1,680,000 Cost of goods sold 4,870,000 Gross profit 2,160,000 Operating expenses Selling expenses 500,000 Administrative expenses 640,000 1,140,000 $1,020,000 Net income Additional information: 1. Accounts receivable decreased $330,000 during the year. 2. Prepaid expenses increased $160,000 during the year. 3. Accounts payable to suppliers of merchandise decreased $270,000 during the year. 4. Accrued expenses payable decreased $120,000 during the year. 5. Administrative expenses include depreciation expense of $60,000 Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2017, for Indigo Company, using the indirect method. INDIGO COMPANY Statement of Cash Flows (Partial) $ Adjustments to reconcile net income to