Marigold Company had the following information available at the end of 2020 MARIGOLD COMPANY 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 $

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Marigold Company had the following information available at the end of 2020. MARIGOLD COMPANY COMPARATIVE BALANCE SHEETS AS OF DECEMBER 31, 2020 AND 2019 2020

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

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(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 $