For Michael I. F79710Please see attachment.Indigo Corporation is preparing its Statement of Cash Flows for the year ended December 31 using the indirect method and has developed the following data:Increase in deferred tax liabilities 23,000Decrease in accounts payable (58,000)Increase in accrued interest payable 43,000Interest paid 31,000Proceeds from issuance of long-term debt 600,000Increase in capital lease payable 67,000Payments on long-term debt (49,000)Purchase of bonds payable 90,000Based on the information developed above, Indigo would report net cash provided from financing activities of:D. 677,000 Twin House Inc. reported net income of $753,000 for the current year-ended December 31. Twin House’s financial statements reflected the following information: Depreciation expense $150,000 Gain on sale of trading securities 6,000 Goodwill impairment 75,000 Decrease in accounts receivable 48,000 Increase in inventory 33,000 Decrease in trading securities 50,000 Increase in available-for-sale securities 62,000 Increase in accounts payable 70,000 Decrease in taxes payable 15,000 Dividend paid 200,000 Dividend received 27,000What should Twin House report as net cash provided by operating activities on the statement of cash flows, assuming that Twin House classifies the proceeds from the sale of the trading securities as an operating cash outflow?D. $892,000
F79) Indigo Corporation is preparing its Statement of Cash Flows for the year ended December 31 using the indirect method and has developed the…
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