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Exercise 23-12 Condensed financial data of Indigo Company for 2017 and 2016 are presented below...

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Exercise 23-12 Condensed financial data of Indigo Company for 2017 and 2016 are presented below INDIGO COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 $1,790 1,780 1,580 1,900 2016 $1,170 1,310 1,900 1,720 (1,180) (1,140) 1,310 $7,180 1,420 $6,380 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $880 240 1,550 1,660 2,050 $7,180$6 300 $1,220 210 1,380 1,930 2,440

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