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A comparative balance sheet for Indigo Corporation is presented as follows. December 31 Assets 2017...

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A comparative balance sheet for Indigo Corporation is presented as follows. December 31 Assets 2017 2016 Cash $ 109,230 $33,000 Accounts receivable 125,480 101,750 Inventories 272,480 286,250 Land 108.980 167,750 Equipment 392,480 302,750 Accumulated Depreciation-Equipment (105,980) (65,750) Total $902,670 $825,750 Liabilities and Stockholders' Equity Accounts payable $ 53,480 $ 73,250 A comparative balance sheet for Indigo Corporation is presented as follows. December 31 Assets 2017 2016 Cash $ 109,230 $33,000 Accounts receivable 125,480 101,750 Inventories 272,480 286,250 Land 108.980 167,750 Equipment 392,480 302,750 Accumulated Depreciation-Equipment (105,980) (65,750) Total $902,670 $825,750 Liabilities and Stockholders' Equity Accounts payable $ 53,480 $ 73,250

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