Marigold Company had the following information available at the end of 2020.

MARIGOLDCOMPANY COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31, 2020 AND 2019
		2020			2019
Cash		$9,950			$4,040
Accounts receivable		20,400			12,940
Short-term investments		21,900			29,820
Inventory		41,810			34,990
Prepaid rent		3,030			11,920
Prepaid insurance		2,080			90
Supplies		1,000			75
Land		124,130			176,650
Buildings		352,080			352,080
Accumulated depreciationbuildings		(104,780	)		(87,460	)
Equipment		528,790			398,480
Accumulated depreciationequipment		(129,230	)		(112,850	)
Patents		45,190			50,410
Total assets		$916,350			$871,185
Accounts payable		$21,970			$32,260
Income taxes payable		4,960			3,960
Salaries and wages payable		4,970			2,970
Short-term notes payable		10,070			10,070
Long-term notes payable		59,750			69,640
Bonds payable		397,090			397,090
Premium on bonds payable		28,020			31,605
Common stock		241,550			221,910
Paid-in capital in excess of parcommon stock		24,900			17,360
Retained earnings		123,070			84,320
Total liabilities and stockholders equity		$916,350			$871,185

MARIGOLD COMPANY INCOME STATEMENT AND DIVIDEND INFORMATION FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue					$1,161,520
Cost of goods sold					754,390
					407,130
Gross margin
Operating expenses
Selling expenses		$78,500
Administrative expenses		155,730
Depreciation/Amortization expense		38,920
Total operating expenses					273,150
Income from operations					133,980
Other revenues/expenses
Gain on sale of land		7,930
Gain on sale of short-term investment		4,020
Dividend revenue		2,400
Interest expense		(51,420	)		(37,070	)
Income before taxes					96,910
Income tax expense					39,610
Net income					57,300
Dividends to common stockholders					(18,550	)
To retained earnings					$38,750

(Show amounts that decrease cash flow with either a-sign eg.-15,000 or in parenthesis e.g. (15,000).) Reconciliation Schedule Reconciliation of Net Income to Cash Flows from Operating Activities $ Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities $