Question: Im stuck Shown below are comparative balance sheets for Indigo Corporation. Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment



Im stuck
Shown below are comparative balance sheets for Indigo Corporation. Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equit Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2017 2016 $45,936 158,688 394,632 208,800 417,600 (66,816) $ 141,984 183,744 348,696 167,040 542,880 (137,808) $1,246,536 $1,158,840 $81,432 313,200 451,008 400,896 $1,246,536 $ 89,784 417,600 363,312 288,144 $1,158,840 Additional information: 1. Net income for 2017 was $194,184 2. Depreciation expense was $70,992 3. Cash dividends of $81,432 were declared and paid 4. Bonds payable amounting to $104,400 were redeemed for cash $104,400 5. Common stock was issued for $87,696 cash 6. No equipment was sold during 2017 7. Land was sold for its book value
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