J IUBI Ret U00ng c EANOlment Upens . 6 dong tc massag.. Lua chon cu tr lo.. i Handshake Dashboard fw Question 5 View Policies Show Attempt History Current Attempt in Progress Presented below are selected ledger accounts of Marigold Corporation as of December 31, 2020. Cash $43.000 Administrative expenses 86,000 Selling expenses 68,800 Net sales 464,400 Cost of goods sold 180,600 Cash dividends declared (2020) 17,200 Cash dividends paid (2020) 12,900 Discontinued operations (loss before income taxes) 34,400 Depreclation expense, not recorded in 2019 25.800 Retained earnings, December 31, 2019 77,400 Effective fax rate 20% X Your answer is incorrect Compute net income for 2020. Net income $ 96320 eTextbook and Media