The bookkeeper for Sandhill Company has prepared the following balance sheet as of July $31,2025.$

The following additional information is provided.

Cash includes $$1,416$ in a petty cash fund and $$17,700$ invested in a $24-$month certificate of deposit.

The net accounts receivable balance is comprised of the following two items: $($a$)$ accounts receivable $$51,920$ and $($b$)$

allowance for doubtful accounts $$4,130.$

Inventory costing $$6,254$ was shipped out on consignment on July $31,2025.$ The ending inventory balance does not include

the consigned goods. Receivables in the amount of $$6,254$ were recognized on these consigned goods.

Equipment had a cost of $$132,160$ and an accumulated depreciation balance of $$33,040.$

Income taxes payable of $$7,080$ were accrued on July $31.$ Sandhill 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 $31,2025,$ from the available information, adjusting the account balances using

the additional information. $($List Current Assets in order of liquidity.$)$

: Indigo Corporation's adjusted trial balance contained the following liability accounts at December $31,2025$: Bonds Payable $($due in $3$

years$)$ $$100,740,$ Accounts Payable $$81,900,$ Notes Payable $($due in $90$ days$)$ $$23,140,$ Salaries and Wages Payable $$5,780,$ and Incom

Taxes Payable $$8,740.$

Prepare the current liabilities section of the balance sheet.

INDIGO CORPORATION

Balance Sheet $($Partial$)$