Assume that Palm Corporation had appropriately accounted for the December 31, 2018 business combination with its subsidiary, Starr Company. A partially completed financial statement worksheet for both other 2019 information follows On December 20, 2019 Starr's Board of Directors declared a cash dividend of $.60 per share on companies for 2019 is below. In addition to the information in the worksheet the 40.000 outstanding shares of common stock owned by Palm. The dividend was payable January 8, 2020, to stockholders of record on December 29, 2019. Palm Corporation and Starr Company Financial Statement Data For Year Ended December 31, 2019 Palm Corp. starr Co. alance Sheets Assets 80,000 75,000 Plant Asent inSpayable660120,000 Patent (Net) 66.000 135,000 Other Current Assets Intercompany rece Investment in Starr Common Stock Plant Assets Net iva (24,000) Dividends Payable 290,000 20,000 480,000 Total Assets 2 616000 Liabilities and Stockholders' Equity Income Taxes Payable OtherLialities Common Stock, $10 par Common Stock, $5 par Additional Paid in Capital Retained Earnings 30,000 25,000 163,000 400.000 200.000 60,000 168,000 420,000 Total Liabilities and 616.000 Stockholders' Equity Assume that Palm Corporation had appropriately accounted for the December 31, 2018 business combination with its subsidiary, Starr Company. A partially completed financial statement worksheet for both other 2019 information follows On December 20, 2019 Starr's Board of Directors declared a cash dividend of $.60 per share on companies for 2019 is below. In addition to the information in the worksheet the 40.000 outstanding shares of common stock owned by Palm. The dividend was payable January 8, 2020, to stockholders of record on December 29, 2019. Palm Corporation and Starr Company Financial Statement Data For Year Ended December 31, 2019 Palm Corp. starr Co. alance Sheets Assets 80,000 75,000 Plant Asent inSpayable660120,000 Patent (Net) 66.000 135,000 Other Current Assets Intercompany rece Investment in Starr Common Stock Plant Assets Net iva (24,000) Dividends Payable 290,000 20,000 480,000 Total Assets 2 616000 Liabilities and Stockholders' Equity Income Taxes Payable OtherLialities Common Stock, $10 par Common Stock, $5 par Additional Paid in Capital Retained Earnings 30,000 25,000 163,000 400.000 200.000 60,000 168,000 420,000 Total Liabilities and 616.000 Stockholders' Equity