Problem 12-9A Condensed financial data of Indigo Corporation follow Indigo Corporation Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total 2017 2016 $96,800 76,000 205,700 52,000 218,000 485,000 (104,000) $161,600 175,600 225,000 56,800 276,000 570,000 (100,000) $1,365,000 $1,029,500 $204,000 134,600 42,000 292,000 350,000 210,900 $1,365,000 $1,029,500 33,000 220,000 440,000 468,000