Exercise 5-14 The comparative balance sheets of Larkspur Inc. at the beginning and the end of the year 2020 are as follows. LARKSPUR INC. BALANCE SHEETS Dec 31, 2020 Jan 1, 2020 Inc./Dec. Cash $ 47,790 95,530 43,530 21,530 $165,320 $ 15,790 89,740 23,740 11,000 $32,000 Inc. 5,790 Inc. 1 9,790 Inc. 10,530 Inc. 118,270 110 cm Accounts receivable Equipment Less: Accumulated Depreciation Equipment Total Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total 16.740 $ 24,530 102,790 38,000 $165,320 $ 16,740 8 1,740 19,790 $118,270 7,790 Inc. 21,050 Inc. 18,210 Inc. Net income of $48,530 was reported, and dividends of $30,320 were paid in 2020. New equipment was purchased and none was sold. Net income of $48,530 was reported, and dividends of $30,320 were paid in 2020. New equipment was purchase Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a LARKSPUR INC. Statement of Cash Flows Adjustments to reconcile net income to