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Comparative financial statement data for Sandhill Corporation and Indigo Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022.

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Comparative financial statement data for Sandhill Corporation and Indigo Corporation, two competitors, appear below. All balance sheet data are as of December 31, 2022. Sandhill Corporation Indigo Corporation 2022 2022 Net sales $2,556,000 $880,400 Cost of goods sold 1.668,500 482,800 Operating expenses 401,860 139.160 lifterest expense 12,780 5,396 Income tax expense 120,700 51,120 Current assets 499.165 191,508 Plant assets (net) 755,440 198414 Current liabilities 94,182 47877 Long-term liabilities 154,070 57.771

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