The following is a condensed version of the comparative balance
sheets for Shamrock Corporation for the last two years at December
31.
2020
2019
Cash
$ 300,900
$ 132,600
Accounts receivable
306,000
314,500
Investments
88,400
125,800
Equipment
506,600
408,000
Accumulated Depreciation-Equipment
(180,200
)
(151,300
)
Current liabilities
227,800
256,700
Common stock
272,000
272,000
Retained earnings
521,900
300,900
Additional information:
Investments were sold at a loss of $17,000; no equipment was sold;
cash dividends paid were $51,000; and net income was...