Exercise 4-09 Presented below is information related to Marigold Corp. for the year 2020. Net sales Cost of goods sold Selling expenses Administrative expenses Dividend revenue Interest revenue $1,118,000 670,800 55,900 41,280 17,200 6,020 Write-off of inventory due to obsolescence Depreciation expense omitted by accident in 2019 Casualty loss Cash dividends declared Retained earnings at December 31, 2019 Effective tax rate of 20% on all items $68,800 47,300 43,000 38,700 842,800 Prepare a multiple-step income statement for 2020. Assume that 65,360 shares of common stock are outstand MARIGOLD CORP. Income Statement $ o search O I E