The bookkeeper for Indigo Company has prepared the following balance sheet as of July 31, 2020. INDIGO COMPANY BALANCE SHEET AS OF JULY 31, 2020 Cash $71,410 Notes and accounts payable $46,410 Accounts receivable (net) 42,910 Long-term liabilities 77,410 Inventory 62,410 Stockholders' equity 157,910 Equipment (net) 84,000 $281,730 Patents 21,000 $281,730 The following additional information is provided. 1. Cash includes $1,200 in a petty cash fund and $12,270 in a bond sinking fund. 2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $46,410 and (b) allowance for doubtful accounts $3,500. 3.Inventory costing $5,151 was shipped out on consignment on July 31, 2020. The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,151 were recognized on these consigned goods. 4. Equipment had a cost of $114,410 and an accumulated depreciation balance of $30,410. 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