Indigo Corporation's unadjusted trial balance at December 1, 2022. is presented below. The following transactions occurred during December. Dec. 2 Purchased equipment for $16,500, plus sales taxes of $700 (paid in cash). 2. Indigo sold for $3,700 equipment which originally cost $5,300. Accumulated depreciation on this equipment at January 1, 2022, was $1,700; 2022 depreciation prior to the sale of equipment was $875. 15 Indigo sold for $5,300 on account inventory that cost $3,600. 23 Salaries and wages of $6,900 were paid for December. Adjustrneot data: 1. Indigo estimates that uncollectible accounts receivable at year-end are $3,900. 2. The note recelvable is a 1-year, 8% note dated Aprit 1, 2022. No interest has been recorded. 3. The balance in prepaid insurance represents payment of a $3,600,6 month premium on September 1. 2022 4. The building is being depreciated using the straight-line method over 30 years. The salvage value is 530,000 5. The equipment owned prior to this year is being depreciated using the straight--ine method over 5 years. The salvage value is 1005 of cost 6. The equipment purchased on December 2, 2022, is being depreclated using the straight-line method over 5 years, with a salvage value of $1.600 7. The patent was acquired on January 1:2022, and has a useful life of 9 years from that date. 8. Unpaid salaries at December 31, 2022, totar $2,200. 9. Both the short-term and long-term notes payabie are dated January 1, 2022, and carry a 10\% interest rate. All interest is payable in the next 12 months. 10 Income tax expense was $14,000. It was unpaid at December 31 : (a) Prepare journalentrles for the transactions listed above and adjusting entries. (Credit account tities are eutomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. (To record depreciation expense on equipment) (To record sale of equipment) (To record sales revenue) (To record cost of goods sold) 2. 3. 4. 5. 6. 7. (8. 8. 9. 10