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Marigold Company started operations on January 1, 2015, and has used the FIFO method of inventory valuation since its inception in 2021. it decides to

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Marigold Company started operations on January 1, 2015, and has used the FIFO method of inventory valuation since its inception in 2021. it decides to switch to the average-cont method. You are provided with the following information Net Income Under FIFO Under Average-Cost $93.000 584,000 75.100 70.300 2015 Retained Earnings (Ending Balance) Under FIFO 596.500 149.900 252.800 2016 2017 94,100 34 300 2018 127400 137.300 142.000 2019 293.300 282,800 598.000 2020 325.900 330.000 765.900 (a) What is the beginning retained earnings balance at January 1, 2017 | Marigold prepares comparative financial statements starting In 2017 Retained earnines. January 1 $ 136100 (b) What is the beginning retained earnings balance at January 1, 2020, it Marigold prepares comparative financial statements starting In 2020? Retained earnings, January 1 $ 574700 Retained earnings, January 1 $ 136100 (b) What is the beginning retained earnings balance at January 1, 2020. Marigold prepares comparative financial statements starting in 20207 Retained earnings, January 1 $ 574700 (c) What is the beginning retained earnings balance at January 1, 2021, i Marigold prepares single period financial statements for 20217 Retained earnings, January 1 (d) What is the net income reported by Marigold in the 2020 income statement if it prepares comparative financial statements starting with 2018? 2020 2019 2018 $ 9900 330600 $ Net Income 10500

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