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LARKSPUR INC. BALANCE SHEETS Dec. 31, 2020 Jan. 1, 2020 Inc./Dec. Assets Cash $ 45,330...

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LARKSPUR INC. BALANCE SHEETS Dec. 31, 2020 Jan. 1, 2020 Inc./Dec. Assets Cash $ 45,330 $ 13,330 $32,000 Inc. Accounts receivable 94,070 90,740 3,330 Inc. Equipment 42,070 24,740 17,330 Inc. Less: Accumulated Depreciation-Equipment 20,070 11,000 9,070 Inc. Total $161,400 $117,810 Liabilities and Stockholders' Equity Accounts payable $ 23,070 $ 17,740 5,330 Inc. Common stock 100,330 82,740 17,590 Inc. Retained earnings 38,000 17,330 20,670 Inc. Total $161,400 $117,810 Net income of $47,070 was reported, and dividends of $26,400 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).)

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