Condensed balance sheet and income statement data for Indigo Corporation are presented here. 2020 INDIGO CORPORATION Balance Sheets December 31 2022 2021 Cash $ 31,000 $ 21,000 Accounts receivable (net) 51.000 46,000 Other current assets 96,000 101,000 Investments 61,000 76,000 Plant and equipment (net) 500,000 370,000 $739,000 $614,000 Current liabilities $ 86,000 $ 81,000 Long-term debt 151,000 91,000 Common stock, $10 par 326,000 316,000 Retained earnings 176,000 126,000 $739,000 $614,000 $ 19,000 49,000 70,000 51,000 358,000 $547,000 $ 71,000 56,000 306,000 114,000 $547,000 INDIGO CORPORATION Income Statements For the Years Ended December 31 2022 Sales revenue $746,000 Less: Sales returns and allowances 41,000 Net sales 705,000 Cost of goods sold 431,000 Gross profit 274,000 Operating expenses (including income taxes) 181,000 Net income $ 93,000 2021 $606,000 31,000 575,000 356,000 219,000 151,000 $ 68,000 Additional information: 1. The market price of Indigo's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends paid. All dividends were paid in cash. 2. Condensed balance sheet and income statement data for Indigo Corporation are presented here. 2020 INDIGO CORPORATION Balance Sheets December 31 2022 2021 Cash $ 31,000 $ 21,000 Accounts receivable (net) 51.000 46,000 Other current assets 96,000 101,000 Investments 61,000 76,000 Plant and equipment (net) 500,000 370,000 $739,000 $614,000 Current liabilities $ 86,000 $ 81,000 Long-term debt 151,000 91,000 Common stock, $10 par 326,000 316,000 Retained earnings 176,000 126,000 $739,000 $614,000 $ 19,000 49,000 70,000 51,000 358,000 $547,000 $ 71,000 56,000 306,000 114,000 $547,000 INDIGO CORPORATION Income Statements For the Years Ended December 31 2022 Sales revenue $746,000 Less: Sales returns and allowances 41,000 Net sales 705,000 Cost of goods sold 431,000 Gross profit 274,000 Operating expenses (including income taxes) 181,000 Net income $ 93,000 2021 $606,000 31,000 575,000 356,000 219,000 151,000 $ 68,000 Additional information: 1. The market price of Indigo's common stock was $7.00, $7.50, and $8.50 for 2020, 2021, and 2022, respectively. You must compute dividends paid. All dividends were paid in cash. 2