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Condensed financial data of Indigo Company for 2020 and 2019 are presented below. INDIGO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,820 $1,140 Receivables 1,780 1,290 1,590 1,860 Inventory Plant assets 1,870 1,710 Accumulated depreciation (1,220 ) (1,150 ) Long-term investments (held-to-maturity) 1,270 1,420 $6,270 $7,110 Accounts payable $1,170 $880 Accrued liabilities 210 240 Bonds payable 1,390 1,580 Common stock 1,930 1,680 Retained earnings 2,410 1,890 $7,110 $6,270 INDIGO COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $6,930 Cost of goods sold Gross margin 4,750 2,180 Selling and administrative expenses 940 Income from operations 1,240 Other revenues and gains Gain on sale of investments 80 Income before tax 1,320 Income tax expense 540 Net income 780 Cash dividends 260 $520 Income retained in business Additional information: During the year, $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. 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 COMPANY Statement of Cash Flows For the Year Ended Dec (Indirect Method) Cash Flows from Opera Net Income Adjustments to reconcile net income to Net Cash Provided by d Noncash Investing and Issuance of Common S

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