Additional information:

1.		Net income was 23,496. Dividends declared and paid were 17,160.
2.		All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for 5,200.

Karen Ltd's comparative statements of financial position are presented below. Karen Ltd. Comparative Statements of Financial Position December 31 2020 2019 Land 20,800 27,040 Buildings 72,800 72,800 Accumulated depreciation-buildings (15,600) (10,400) Accounts receivable 21,632 24,336 Cash 18,364 11,128 Total 117,996 124,904 Share capital-ordinary 78,000 74,880 Retained earnings 27,136 20,800 Accounts payable 12,860 29,224 Total 117,996 124,904 Karen Ltd's comparative statements of financial position are presented below. Karen Ltd. Comparative Statements of Financial Position December 31 2020 2019 Land 20,800 27,040 Buildings 72,800 72,800 Accumulated depreciation-buildings (15,600) (10,400) Accounts receivable 21,632 24,336 Cash 18,364 11,128 Total 117,996 124,904 Share capital-ordinary 78,000 74,880 Retained earnings 27,136 20,800 Accounts payable 12,860 29,224 Total 117,996 124,904