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MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NileyPLUS Problem 1-6 (Part Level Submission) Indigo Corporation began operations on January 1, 2018. The following information

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MESSAGE HY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NileyPLUS Problem 1-6 (Part Level Submission) Indigo Corporation began operations on January 1, 2018. The following information is available for Indigo Corporation on December 31, 2018 Accounts payable Accounts receivable Advertising expense Cash Common shares (Dec. 31) 13,500 Service revenue Dividends declared Equipment Income tax expense $6,000 2,500 3,500 3,700 Bank loan payable Rent expense Retained earnings (Dec. 31) Salaries expense $6,500 2,000 3,100 Supplies 26,700 Supplies expense 5,600 26,500 1,900 1,700 1,800 (a) Prepare an income statement for Indigo Corporation. (Enter negative amounts using either a negative sign preceding the number e.g.-45 a parentheses e.g. (45).) INDIGO CORPORATION Income Statement Version 4.24.1.23 y & ion Ins. All Rights Reserved. A Division of Policy 1

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