00 The income statement of Indigo Company is shown below. Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold Gross profit Operating expenses Selling expenses Indigo Company Income Statement For the Year Ended December 31, 2025 Administrative expenses Net income Additional information: 1. 2 3. $1,920,000 4,390,000 6,310,000 1,580,000 460,000 710,000 $6,840,000 Accounts receivable decreased $350,000 during the year. Prepaid expenses increased $160,000 during the year. Accounts payable to suppliers of merchandise decreased $280,000 during the year.. 4. Accrued expenses payable decreased $100,000 during the year. 5. Administrative expenses include depreciation expense of $50,000. 4,730,000 2,110,000 1,170,000 $940,000

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