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Assets Equities Cash $298000 Accounts payable $ 629000 Accounts receivable (net) 1947000 Income taxes payable 193000 Inventories 2453000 Miscellaneous accrued payables 222000 Plant and equipment
Assets Equities Cash $298000 Accounts payable $ 629000 Accounts receivable (net) 1947000 Income taxes payable 193000 Inventories 2453000 Miscellaneous accrued payables 222000 Plant and equipment Bonds payable (8%, due 2023) 1850000 net of depreciation 1980000 Preferred stock ($100 par, 6% Patents 263000 700000 Other intangible assets cumulative nonparticipating) Common stock (no par 60,000 74600 Total Assets $7015600 shares authorized, issued and outstanding) 1126000 Retained earnings 2520600 Treasury stock-1500 shares offroad 1225000 2023) net of depreciation 1980000 Preferred stock ($100 par, 6% Patents 263000 cumulative nonparticipating) 700000 Other intangible assets 74600 Common stock (no par 60,000 Total Assets $7015600 shares authorized, issued and outstanding) 1126000 Retained earnings 2520600 Treasury stock-1500 shares of preferred (225000) Total Equities $7015600 Marigold Corp Income Statement Marigold Corp. Income Statement Year Ended December 31, 2021 Net sales $9500000 Cost of goods sold 5700000 Gross profit 3800000 Operating expenses (including bond interest expense) 1600000 Income before income taxes 2200000 Income tax 440000 Net income 1760000 Income before income taxes 2200000 Income tax 440000 Net income 1760000 AdditionalInformation: There are no preferred dividends in arrears, the balances in the Accounts Receivable and Inventory accounts are unchanged from January 1, 2021, and there were no changes in the Bonds Payable. Preferred Stock, or Common Stock accounts during 2021. Assume that preferred dividends for the current year have not been declared. The rate of return for 2021 based on the year-end common stockholders' equity was 1718 +3647 1760-3605 1718-3605 1760-3647
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