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

COMPARATIVE BALANCE SHEETS
		2020			2019			Increase (Decrease)
Cash		$807,000			$704,100			$102,900
Accounts receivable		1,131,500			1,163,600			(32,100	)
Inventory		1,844,100			1,714,200			129,900
Property, plant, and equipment		3,283,200			2,951,900			331,300
Accumulated depreciation		(1,159,200	)		(1,041,000	)		(118,200	)
Investment in Myers Co.		309,600			273,200			36,400
Loan receivable		250,900						250,900
Total assets		$6,467,100			$5,766,000			$701,100
Accounts payable		$1,012,100			$956,200			$55,900
Income taxes payable		30,100			49,700			(19,600	)
Dividends payable		79,600			99,300			(19,700	)
Lease liabililty		391,600						391,600
Common stock, $1 par		500,000			500,000
Paid-in capital in excess of parcommon stock		1,495,400			1,495,400
Retained earnings		2,958,300			2,665,400			292,900
Total liabilities and stockholders equity		$6,467,100			$5,766,000			$701,100

Additional information:

1.		On December 31, 2019, Pearl acquired 25% of Myers Co.s common stock for $273,200. On that date, the carrying value of Myerss assets and liabilities, which approximated their fair values, was $1,092,800. Myers reported income of $145,600 for the year ended December 31, 2020. No dividend was paid on Myerss common stock during the year.
2.		During 2020, Pearl loaned $290,900 to TLC Co., an unrelated company. TLC made the first semiannual principal repayment of $40,000, plus interest at 10%, on December 31, 2020.
3.		On January 2, 2020, Pearl sold equipment costing $60,300, with a carrying amount of $38,100, for $40,400 cash.
4.		On December 31, 2020, Pearl entered into a capital lease for an office building. The present value of the annual rental payments is $391,600, which equals the fair value of the building. Pearl made the first rental payment of $60,500 when due on January 2, 2021.
5.		Net income for 2020 was $372,500.
6.		Pearl declared and paid the following cash dividends for 2020 and 2019.