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The adjusted trial balance of Indigo Corporation for the year ended December 31, 2022, is as follows. Debit Credit Cash $ 5,600 Accounts Receivable 4,000

The adjusted trial balance of Indigo Corporation for the year ended December 31, 2022, is as follows.

Debit

Credit

Cash

$ 5,600

Accounts Receivable

4,000

Note Receivable (due February 20, 2023)

2,300

Inventory

6,700

Timberland

22,300

Land

18,500

Equipment

36,000

Patent

11,500

Accumulated Depletion

$ 3,800

Allowance for Doubtful Accounts

1,500

Accumulated DepreciationEquipment

8,300

Notes Payable (due January 15, 2023)

5,100

Accounts Payable

2,800

Common Stock

63,500

Retained Earnings

11,600

Sales Revenue

55,000

Interest Revenue

600

Cost of Goods Sold

23,600

Salaries and Wages Expense

11,800

Depreciation Expense

2,300

Amortization Expense

1,600

Research and Development Expense

2,000

Bad Debt Expense

700

License Expense

300

Interest Expense

800

Loss on Disposal of Plant Assets

2,200

Total

$ 152,200 $ 152,200

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Prepare a multiple-step income statement. INDIGO CORPORATION Income Statement > $ $ Prepare a classified balance sheet 2 of December 31, 2022. (List Current Assets in order of liquidity. List Property. Plant and Equipment in order of Timberland, Land and Equipment.) INDIGO CORPORATION Balance Sheet Assets > Liabilities and Stockholders' Equity $ >

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