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Current Attempt in Progress The following are Larkspur Corp!'s comparative balance sheet accounts at December 31, 2020 and 2019, with a column showing the increase

Current Attempt in Progress The following are Larkspur Corp!'s comparative balance sheet accounts at December 31, 2020 and 2019, with a column showing the increase (decrease) from 2019 to 2020. Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Investment in Myers Co. Loan receivable Total assets COMPARATIVE BALANCE SHEETS 2020 $813,400 1,123,400 1,863,500 3,302,300 307,100 252,200 2019 $6,499,000 $705,900 1,156,600 1,731,800 (1,162,900 ) (1,033,700 ) 2,988,100 276,600 $5,825,300 Increase (Decrease) $107,500 (33,200 ) 131,700 314,200 (129,200 ) 30,500 252,200 $673,700
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Current Attempt in Progress The following are Larkspur Corp's comparative balance sheet accounts at December 31,2020 and 2019, with a column showing the increase (decrease) from 2019 to 2020. Current Attempt in Progress The following are Larkspur Corp.'s comparative balance sheet accounts at December 31,2020 and 2019 , with a column showing the increase (decrease) from 2019 to 2020. Additional information: 1. On December 31,2019, Larkspur acquired 25\% of Myers Co.s common stock for $276,600. On that date, the carrying value of Myers's assets and liabilities, which approximated their fair values, was $1,106,400. Myers reported income of $122,000 for the year ended December 31. 2020. No dividend was paid on Myers's common stock during the year. 2. During 2020, Larkspur loaned $273,800 to TLC Co, an unrelated company. TLC made the first semiannual principal repayment of $21,600, plus interest at 10%, on December 31,2020 . 3. On Jaruary 2, 2020, Larkspur sold equipment costing $59,400, with a carrying arnount of $37,900, for $40,400cash. 4. On December 31,2020, Larkspur entered into a capital lease for an office building. The present value of the arnual rental 4. On December 31,2020, Larkspur entered into a capital lease for an office building. The present value of the annual rental payments is $373,600, which equals the fair value of the building. Larkspur made the first rental payment of $59,400 when due on January 2, 2021. 5. Net income for 2020 was $351,100. 6. Larkspur declared and paid the following cash dividends for 2020 and 2019. Prepare a statement of cash fows for Larkspur Corp. for the year ended December 31, 2020, using the indirect method, (Show amounts that decrease cash flow with either a - sign eg. 15,000 or in parenthesis es. (15,000)) Adjustments to reconcile net income to $

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