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The following is a condensed version of the comparative balance sheets for Larkspur Corporation for the last two years at December 31. 2020 2019 Cash
The following is a condensed version of the comparative balance sheets for Larkspur Corporation for the last two years at December 31. 2020 2019 Cash $ 185,850 $81,900 Accounts receivable Investments 189,000 54,600 312,900 194,250 77,700 252,000 Equipment Accumulated Depreciation-Equipment (111,300) (93,450) Current liabilities 140,700 158,550 Common stock 168,000 168,000 Retained earnings 322,350 185,850 Additional information: Investments were sold at a loss of $10,500; no equipment was sold; cash dividends paid were $31,500; and net income was $168,000. Prepare a statement of cash flows for 2020 for Larkspur Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis LARKSPUR CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Determine Larkspur Corporation's free cash flow. Free cash flow $
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