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INDIGO Co. Balance Sheet December 31, 2025 Assets Current Assets Buildings Accounts Receivable Prepaid Insurance Total Current Liabilities $ Property, Plant, and Equipment Land Buildings

image text in transcribedimage text in transcribedimage text in transcribed INDIGO Co. Balance Sheet December 31, 2025 Assets Current Assets Buildings Accounts Receivable Prepaid Insurance Total Current Liabilities $ Property, Plant, and Equipment Land Buildings Less : Accumulated Depreciation-Buildings Equipment Less Accumulated Depreciation-Equipment Total Property, Plant, and Equipment Total Assets Total Assets Accounts Payable Notes Payable Interest Payable Total Current Liabilities Long-Term Liabilities Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings $126960 \begin{tabular}{|l|l|} \hline (54720) & i \\ \hline \end{tabular} 98880 \begin{tabular}{|r|r|} \hline (22464) & i \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current Liabilities Your answer is partially correct. These items are taken from the financial statements of Indigo Co. at December 31, 2025. Prepare a classified balance sheet. Assume that $16,320 of the note payable will be paid in 2026. (List Current Assets in order of liquidity and Property, Plant and Equipment in order of Land, Buildings and Equipment.)

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