Current Attempt in Progress Following is the statement of financial position of Larkspur Industries, Ltd., as at December 31, 2020: Book Value Fair Value Cash $56,200 $56,200 Accounts receivable 275,700 281,400 Inventory 188,900 180,600 Land 100,400 128,200 Plant and equipment (net) 772,000 897,000 $1,393,200 Current liabilities $139,400 139,400 Warranty liability 100,400 130,700 Common shares 663,200 Retained earnings 490,200 $1,393,200