Kimmel, Accounting, 6e Help I Sys signment S Comprehensive Accounting Cycle Review 9-2 (Part Level Submission) Indigo Corporation prepares quarterly financial statements. The post-closing trial balance at December 31, 2016 INDIGO RATION 31, 2016 Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Equipment $22,100 22,000 $1,200 21,000 12,000 106,000 Buildings Accumulated Depreciation-Buildings Land 12,000 20,000 12,240 Common Stock Retained Earnings 63,660 $191,100 $191,100 During the first quarter of 2017, the following transactions occurred 1. On February 1, Indigo collected fees of $8,400 in advance. The company will perform $700 of services each month from February 1, 2017, to January 31, 2018. 2. on February 1 Indigo purchased computer equipment for S11 8SO plus sales taxes of $750 $3,950 cash was paid with the rest on account. Check #45S was used. 3, on March 1, Indigo acquired a patent with a 10-year life for $12,600 cash. Check #456 was used