Problem 23-01
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The following are Marigold 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
$810,600
$701,400
$109,200
Accounts receivable
1,135,300
1,156,300
(21,000
)
Inventory
1,850,800
1,708,800
142,000
Property, plant, and equipment
3,318,800
2,955,300
363,500
Accumulated depreciation
(1,164,400
)
(1,035,600
)
(128,800
)
Investment in Myers Co.
307,400
277,400
30,000
Loan receivable...