Larkspur Inc. a greeting card company, had the following statements prepared as of December 31, 2020 LARKSPUR INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 12/31/20 12/31/19 Cash $5,900 $6,900 Accounts receivable 61.400 51.200 Short-term debt investments (available-for-sale) 34,700 18,000 Inventory 40,200 59,700 Prepaid rent 5,000 4,100 Equipment 152,700 130,200 Accumulated depreciation-equipment (35.400) (25,000 1 Copyrights 45,700 49,900 Total assets $310.200 $295,000 Accounts payable $46,300 $40,400 Income taxes payable 3,900 6,000 Salaries and wages payable 8.100 3,900 Short-term loans payable 8.100 10.100 Long-term loans payable 60,200 69,400 Common stock, $10 par 100,000 100,000 Contributed capital, common stock 30,000 30,000 Retained earnings 53.600 35,200 Total liabilities & stockholders' equity $310.200 $295,000