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Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percentowned subsidiary Oakley Co. follow: 2021 2020 Cash $ 20,150 $ 10,150 Accounts receivable
Comparative consolidated balance sheet data for Iverson, Inc., and its 80 percentowned subsidiary Oakley Co. follow: 2021 2020 Cash $ 20,150 $ 10,150 Accounts receivable (net) 75,800 58,500 Merchandise inventory 101,350 60,750 Buildings and equipment (net) 77,000 95,000 Trademark 102,900 123,000 Totals $ 377,200 $ 347,400 Accounts payable $ 102,200 $ 85,500 Notes payable, long-term 0 28,900 Noncontrolling interest 67,400 55,400 Common stock, $10 par 200,000 200,000 Retained earnings (deficit) 7,600 (22,400 ) Totals $ 377,200 $ 347,400 Additional Information for Fiscal Year 2021 Iverson and Oakleys consolidated net income was $54,000. Oakley paid $5,000 in dividends during the year. Iverson paid $11,000 in dividends. Oakley sold $15,000 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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