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Business, 09.02.2022 14:00 arixox

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 $ 221,250 $ 97,500 Accounts receivable 225,000 231,250 Investments 65,000 92,500 Equipment 372,500 300,000 Accumulated Depreciation-Equipment (132,500 ) (111,250 ) Current liabilities 167,500 188,750 Common stock 200,000 200,000 Retained earnings 383,750 221,250 Additional information: Investments were sold at a loss of $12,500; no equipment was sold; cash dividends paid were $37,500; and net income was $200,000. (a) Prepare a statement of cash flows for 2020 for Larkspur Corporation

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