You are provided with the following information for Indigo Enterprises, effective as of its April $30,2022,$ year$-$end.

Accounts payable

$$859$

Accounts receivable

$1,010$

Accumulated depreciation$$ equipment

$670$

Cash

$1,470$

Common stock

$1,500$

Cost of goods sold

$1,085$

Depreciation expense

$310$

Dividends

$350$

Equipment

$2,620$

Income tax expense

$190$

Income taxes payable

$160$

Insurance expense

$235$

Interest expense

$425$

Inventory

$1,167$

Land

$3,300$

Mortgage payable

$3,700$

Notes payable $($due March $31,2023)$

$261$

Prepaid insurance

$85$

Retained earnings $($beginning$)$

$1,600$

Salaries and wages expense

$675$