Question

Current Attempt in Progress Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation 2022 2021 $ 113,120 $67760 122,920 53.200 157.500 143.990 39,760 36,400 193,200 152600 399,000 339.500 170,000) (72800) $955,500 5720.650 Total Liabilities and Stockholders'Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 5142,800 594220 23.100 29.400 154,000 204.400 308,000 245.000 327,600 147630 5955,500 5720.650 5543,844 Indigo Corporation Income Statement Data For the Year Ended December 31, 2022 Sales revenue Less: Cost of goods sold $189,544 Operating expenses, excluding depreciation 17.374 Depreciation expense 65,100 Income tax expense 38.192 Interest expense 6.522 Loss on disposal of plant assets 10,500 Net income 327.432 5216,412 Additional information: 1 New plant assets costing $140.000 were purchased for cash during the year 2. Old plant assets having an original cost of $80.500 and accumulated depreciation of 567.900 were sold for $2,100 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $36,442 was declared and paid during the year.

Answer 1

The answer has been presented in the supporting sheet. For detailed answer refer to the supporting.

A B C 1 2 3 474124 - 154574 -27034 Answer Indigo Corporation Statement of cash flows 4 For the year ended December 31, 2022 5 Cash Flow From Operations 6 Cash Received from Customers (53200+543844-122920) 7 Less Cash Paid to 8 To Supplier 189644+157500-143990+94220-142800) 9 To Operating Expenses (17374+39760-36400+29400-23100) 10 For Income Taxes 11 For Interest expense 12 13 Cash flow from operating activities 14 15 Cash Flow From Investing Activities 16 Cash paid for plant purchased 17 Cash received from sale of plant 18 Cash paid for purchase of investment (193200-152600) 19 NetCash outflow from Investing Activities -38192 -6622 -226422 247702 - 140000 2100 -40600 -178500

-50400 -36442 63000 20 21 Cash flow From Financing activities 22 Cash paid for bond (204400-154000) 23 Cash dividend paid 24 Cash proceeds from issue of common stock 25 Net cash outflow from financing activities 26 Net Cash flow from all activities 27 Beginning Cash Balance 28 Ending cash balance 29 30 For any help please comment in the comment box 31 Thank You 32 -23842 45360 67760 113120