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Marigold Company manufactures backpacks. During 2 0 2 5 , Marigold issued bonds at 1 2 9 6 interest and used the cash proceeds to

Marigold Company manufactures backpacks. During

2025,

Marigold issued bonds at

1296

interest and used the cash proceeds to purchase treasury stock. The following financial information is available for Marigold Compary for the years

2025

and

2024 .

\

table

[[

Sales revenue,

2025, 2024], [

Net income,$

8, 600, 000,

8, 600, 000

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