View Policies Current Attempt in Progress 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. If at all Items (a) Plant assets that had cost $20,000 6 years before and were being depreciated on a straight line basis over 10 years with no estimated scrap value were sold for $5,300 (b) During the year, 10.000 shares of common stock with a stated value of $10 a share were issued for $13 a share Uncollectible accounts receivable in the amount of $27.000 were written off against Allowance for Doubtful Accounts Id The company sustained a net loss for the year of $50.000 Depreciation amounted to $22.000 and again of $900 was realized on the sale of land for $39.000 cash. le) A 3-month US Treasury bill was purchased for $100,000. The company uses a cash and cash equivalent basis for its cash flow statement in Patent amortization for the year was $20.000 The company exchanged common stock for a 70% interest in Tabasco Ca for $.000 IN During the year, treasury stock costing $47000 was purchased e Textbook and Media