s-AC x M Acct 743-001 |G X examreview.surg X ASSETS: Cash examreview.surgent.com/CPA/FAR/studysession/b902beaf-254a-469e-9418-e302ec632ab1/simulation/30002 Public Relations Associates CONDENSED STATEMENTS OF FINANCIAL POSITION December 31, 20X2 and 20X1 Accounts receivable (net) Investment in King at Simulation Following are the condensed statements of financial position of Public Relations Associates as of December 31, 20X2 and 20X1, and the condensed statement of income for the year ended December 31, 20X2. equity Property and equipment Accumulated depreciation Excess cost over book value of investment in King (net) Total assets X PB 5.9 Treasury Stor X 20X2 76,000 1,440,000 G Capital Account: X $ 326,000 $ 140,000 223,000 184,000 275,000 233,000 635,000 550,000 (95,000) (65,000) Net Change 20X1 Increase (Decrease) 78,000 1,120,000 $186,000 39,000 42,000 85,000 (30,000) C Following are _(2,000). 320,000