Question 3 of 13 Larkspur, Inc.s comparative balance sheets are presented below. Larkspur, Inc. Comparative Balance Sheets December 31 2020 Cash $ 14,400 Accounts receivable 20,800 Land 19,600 Buildings 70,300 Accumulated depreciation-buildings (14,900) Total $110,200 2019 $ 10,300 23,000 26,200 70,300 (10,000) $119,800 Accounts payable Common stock Retained earnings Total $ 11,900 75,900 22,400 $110,200 $ 28,500 71,200 20,100 $119,800 Additional information: 1. Net income was $22,900. Dividends declared and paid were $20,600. No noncash investing and financing activities occurred during 2020. 2. Question 3 of 13 > -/4 = Additional information: 1. 2. Net income was $22,900. Dividends declared and paid were $20,600. No noncash investing and financing activities occurred during 2020. The land was sold for cash of $4,800. 3. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000, or in parenthesis eg. (15,000).) Larkspur, Inc. Statement of Cash Flows $ Adjustments to reconcile net income to $ Question 3 of 13 - 14 Adjustments to reconcile net income to $ $ Question 3 of 13 - 14 $ Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free cash flow $ Save for Later Attempts: 0 of 1 used Submit