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The comparative balance sheets for Larkspur Corporation appear below: LARKSPUR CORPORATION Comparative Balance Sheet Assets 2022 2021 Cash $58,000 $31,500 Accounts receivable (net) 85,000

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The comparative balance sheets for Larkspur Corporation appear below: LARKSPUR CORPORATION Comparative Balance Sheet Assets 2022 2021 Cash $58,000 $31,500 Accounts receivable (net) 85,000 61,500 Prepaid insurance 27,800 16,900 Land 19,500 59,500 Equipment 70,500 69,500 Accumulated depreciation (19,100 ) (11,800 ) Total assets $241,700 $227,100 Liabilities and Stockholder's Equity Accounts payable $19,700 $6,200 Bonds payable 29,700 16,800 Common stock 145,000 115,000 Retained earnings 47,300 89,100 Total liabilities and stockholder's equity $241,700 $227,100

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