The current assets and current liabilities sections of the balance sheet of Indigo Company appear as follows. Accounts payable Notes payable INDIGO COMPANY BALANCE SHEET (PARTIAL) DECEMBER 31, 2020 Cash $ 49,500 Accounts receivable $98,700 Less: Allowance for doubtful accounts 7,760 90,940 Inventory 181,950 Prepaid expenses 8,790 $331,180 $ 56,810 70,790 $127,600 The following errors in the corporation's accounting have been discovered: 1. 2. January 2021 cash disbursements entered as of December 2020 included payments of accounts payable in the amount of $43,500, on which a cash discount of 2% was taken. The inventory included $29,640 of merchandise that had been received at December 31 but for which no purchase invoices had been received or entered. Of this amount, $12,950 had been received on consignment; the remainder was purchased f.o.b. destination, terms 2/10, n/30. Sales for the first four days in January 2021 in the amount of $30,890 were entered in the sales journal as of December 31, 2020. Of these, $21,670 were sales on account and the remainder were cash sales. Cash, not including cash sales, collected in January 2021 and entered as of December 31, 2020, totaled $36,794. Of this amount, $24,794 was received on account after cash discounts of 2% had been deducted; the remainder represented the proceeds of a bank loan. 3. 4. (al) Calculate the following adjusted balances. Cash $ Accounts Receivable Inventory $ Accounts Payable $ Notes Payable Click if you would like to Show Work for this question: Open Show Work