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Indigo Company reported the following information for 2025. Indigo Company Comparative Balance Sheets December 1 Assets 2025 2024 Change Increase/Decrease Cash $82,600 $50,400 $32,200
Indigo Company reported the following information for 2025. Indigo Company Comparative Balance Sheets December 1 Assets 2025 2024 Change Increase/Decrease Cash $82,600 $50,400 $32,200 Increase Accounts receivable 86,800 30,800 56,000 Increase Inventory 61,600 -0- 61,600 Increase Prepaid expenses 8,400 5,600 2,800 Increase Land 77,000 98,000 21,000 Decrease Buildings 280,000 280,000 -0- No change Accumulated depreciation-buildings (29,400) (19,600) 9,800 Increase Equipment 256,200 95,200 161,000 Increase Accumulated depreciation-equipment (39,200) (14,000) 25,200 Increase Totals $784,000 $526,400 Liabilities and Stockholders' Equity Accounts payable $60,200 $56,000 $4,200 Increase
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