Accounts receivable Inventory Land Buildings (net) Equipment (net) Trademarks 91,500 103,000 40,300 75,300 70,300 11,300 $443,200 Stockholders' equity 236,200 $443,200 The recorded amounts all approximate current values except for land (fair value of $63,700), inventory (fair value of $125,500), and trademarks (fair value of $15,200) Prepare the July 1 entry for Indigo Corporation to record the purchase. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit Prepare the December 31 entry for Indigo Corporation to record amortization of intangibles. The trademark has an estimated useful life of 4 years with a residual value of $3,280. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit List of Accounts