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Question Indigo Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for
Question Indigo Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion. INDIGO COMPANY FOR THE YEAR ENDED 2017 Current assets $231,500 Accounts recelvable (net) Inventory (lower-of-average-cost-or-market) Equity investments (marketable)-at cost (fair value $121,500) 402,500 141,500 Property, plant, and equipment Buldings (net) Equipment (net) Land held for future use Intangible azeets Cash sunrender value of life insurance Prepaid expenses 91.500 13,500 Current lisbilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 54,500 Long-term liabilities Bonds payable 501,500 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 291,500 Additional paid-in capital Retained earnings 291,500 161.500 are a evised balance sheet given the available information Assume that the accumulated depreciation balance for the buildings is $161,500 and for the equipment $106 500. The allo\ance for doubtful accounts has a balance of s 18,500. The pension obligati considered a long-term lability (List Current Assets In order of liquidity. List Property, Plant and Equlpment In order or Buildings and Equipment. Enter account nanme only and do not provlde the descriptive information provided in the question.)
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