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Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: 2021 Cash $ 25,350 2020 $ 20,35 Accounts
Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: 2021 Cash $ 25,350 2020 $ 20,35 Accounts receivable (net) 57,350 37,75 Merchandise inventory 95,750 46,75 Buildings and equipment (net) 86,100 104,00 Trademark 92,100 113,00 Totals $356,650 $321,85 Accounts payable $ 87,050 $ 69,75 Notes payable, long-term 32,00 Noncontrolling interest 47,600 40,00 Common stock, $10 par Retained earnings (deficit) 200,000 200,00 22,000 (19,90 Totals $356,650 $321,85 Additional Information for Fiscal Year 2021 Iverson and Oakley's consolidated net income was $62,500. Oakley paid $5,000 in dividends during the year. Iverson paid $12,000 in dividends. Oakley sold $10,000 worth of merchandise to Iverson during the year.
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