Question 2 of 3 The following additional information is provided. 1. Cash includes $1,200 in a petty cash fund and $11,660 in a bond sinking fund. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $46,280 and (b) allowance for doubtful accounts $3,500. 3. Inventory costing $5,274 was shipped out on consignment on July 31,2020 . The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,274 were recognized on these consigned goods. 4. Equipment had a cost of $114,280 and an accumulated depreciation balance of $30,280. 5. Income taxes payable of $6,000 were accrued on July 31 . Indigo Company. however. had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance but was offset against the income taxes payable amount. Prepare a corrected classified balance sheet as of July 31,2020 , from the available informationt adjusting the account balances using the additional information. (List Current Assets in order of liquidity) /homework-help/questions-and-answers/bookkeeper-indigo-company-prepa