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Here are selected 2017 transactions of Indigo Corporation. Jan. 1 June Retired a piece of machinery that was purchased on January 1, 2007. The machine

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Here are selected 2017 transactions of Indigo Corporation. Jan. 1 June Retired a piece of machinery that was purchased on January 1, 2007. The machine cost $61,800 and had a useful life of 10 years with no salvage value Sold a computer that was purchased on January 1, 2015. e computer cost $37,000 and had a useful life of 4 years with no salvage value. The computer was sold for $4,000 cash Dec. Sold a delivery truck for $9,380 cash. The truck cost $23,600 whem it was purchased on January 1, 2014, and was depreciated based on a 5-year useful life with a 31 3,200 salvage value Prepare a tabular summary to record al transactions described on the above dates. Update depreciation on assets disposed of, where applicable. Indigo Corporation uses straight-line depreciation. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities + Stockholders' Equity Retained Earnings Cash +Equipment Accum, Depr. - Equip. +Common Stock Revenue ExpenseDividend Jan. June 30 Depreciation expense Dec. 31 Depreciation expense

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