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Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: 2021 2020 Cash Accounts receivable (net) Merchandise inventory
Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percent-owned subsidiary Oakley Co. follow: 2021 2020 Cash Accounts receivable (net) Merchandise inventory Buildings and equipment (net) Trademark Totals Accounts payable Notes payable, long-term Noncontrolling interest Common stock, $10 par Retained earnings (deficit) Totals $ 22,250 $ 10,500 48,450 82,500 104,500 101,200 $ 358,900 $ 89,150 0 49,200 28,750 40,500 118,500 122,500 $320,750 $ 74,750 25,200 42,500 200,000 200,000 20,550 (21,700) $ 358,900 $320,750 Additional Information for Fiscal Year 2021 " Iverson and Oakley's consolidated net income was $63,750. Oakley paid $4,000 in dividends during the year. Iverson paid $14,000 in dividends. ..Oakley sold $18,100 worth of merchandise to Iverson during the year. There were no purchases or sales of long-term assets during the year. In the 2021 consolidated statement of cash flows for Iverson Company: Net cash flows from operating activities were:
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