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The following are Nash Corp's comparative balance sheet accounts at December 31, 2020 and 2019, witha column showing the increase (decrease) from 2019 to 2020.

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The following are Nash Corp's comparative balance sheet accounts at December 31, 2020 and 2019, witha column showing the increase (decrease) from 2019 to 2020. 1. On December 31, 2019, Nash acquired 25% of Myers Co.s common stock for $274,500. On that date, the carrying value of Myers's assets and liabilities, which approximated their fair values, was $1,098,000. Myers reported income of $138,400 for the year ended December 31,2020. No dividend was paid on Myers's common stock during the year. 2. During 2020, Nash loaned $296,600 to TLC Co., an unrelated company. TLC made the first semiannual principal repayment of $45,500, plus interest at 10%, on December 31,2020. 3. On January 2, 2020, Nash sold equipment costing $60,600, with a carrying amount of $38,000, for $40,000 cash. 4. On December 31,2020 . Nash entered into a capital lease for an office building. The present value of the annual rental payments is $397,200, which equals the fair value of the building. Nash made the first rental payment of $59,400 when due on January 2, 2021. 5. Net income for 2020 was $356,200. 6. Nash declared and paid the following cash dividends for 2020 and 2019. L

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