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You are provided with the following information from the accounts of Indigo Ltd for the year ending 30 June 2022: Cash Sales $250 000

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You are provided with the following information from the accounts of Indigo Ltd for the year ending 30 June 2022: Cash Sales $250 000 Cost of Goods Sold $100 000 Amounts received in advance for services to be performed in August 2022 $12 500 Rent Expense incurred (and paid) for the year ending 30 June 2022 $25 000 Insurance Prepaid for two months to 31 August 2022 $2 500 Doubtful Debts Expense $2 500 Amount provided in 2022 for employee's future long service leave $7.000 entitlements

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