The following are Whispering 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 Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Investment in Myers Co. Loan receivable Total assets 2020 $812,700 1,124,100 1,865,200 3,319,600 (1,167,700) 308,000 250,400 $6,512,300 2019 $705,700 1,165,600 1,717,800 2,958,700 (1,041,700 ) 274,400 Increase (Decrease) $107,000 (41,500 ) 147,400 360,900 (126,000) 33,600 250,400 $731,800 $5,780,500 $949,600 50,300 99,300 $62,900 (20,500) (19,700 ) 421,500 Accounts payable Income taxes payable Dividends payable Lease liability Common stock, $1 par Paid-in capital in excess of par-common stock Retained earnings Total liabilities and stockholders' equity $1,012,500 29,800 79,600 421,500 500,000 1,494,500 2,974,400 $6,512,300 500,000 1,494,500 2,686,800 $5,780,500 287,600 $731,800 Additional information: 1. On December 31, 2019, Whispering acquired 25% of Myers Co.'s common stock for $274,400. On that date, the carrying value of Myers's assets and liabilities, which approximated their fair values, was $1,097,600. Myers reported income of $134,400 for the year ended December 31, 2020. No dividend was paid on Myers's common stock during the year. 2. During 2020, Whispering loaned $320,800 to TLC Co., an unrelated company. TLC made the first semiannual principal repayment of $70,400, plus interest at 10%, on December 31, 2020. 3. On January 2, 2020, Whispering sold equipment costing $60,600, with a carrying amount of $38,300, for $40,100 cash. 4. On December 31, 2020, Whispering entered into a capital lease for an office building. The present value of the annual rental payments is $421,500, which equals the fair value of the building. Whispering made the first rental payment of $60,100 when due on January 2, 2021. 5. Net income for 2020 was $367,200. 6. Whispering declared and paid the following cash dividends for 2020 and 2019. Declared Paid Amount 2020 December 15, 2020 February 28, 2021 $ 79,600 2019 December 15, 2019 February 28, 2020 $99,300 WHISPERING CORP. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Equity in Earnings of Myers Co. Gain on Sale of Equipment Decrease in Accounts Receivable Increase in Inventory Increase in Accounts Payable Decrease in Income Taxes Payable OO D00000 Cash Flows from Operating Activities Cash Flows from Investing Activities Proceeds from Sale of Equipment Loan to TLC Co. Principal Payment of Loan Receivable Cash Flows from Financing Activities FW 100 0 Click if you would like to Show Work for this questioni Open Show Work