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Marigold Corp. maintains its financial records on the cash basis of accounting. Interested in securing a long-term loan from its regular bank. Marigold Corp. requests

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Marigold Corp. maintains its financial records on the cash basis of accounting. Interested in securing a long-term loan from its regular bank. Marigold Corp. requests you as its independent CPA to convert its cash-basis income statement data to the accrual basis. You are provided with the following summarized data covering 2024, 2025, and 2026. a Prepayments of 2025 expenses. brepayments of 2026 expenses. Using the data above, prepare abbreviated incomestatements for the years 2024 and 2025 on the cash basis. (Enter loss using either a negative sign preceding the number e.g. - 45 or parentheses e.g. (45).)

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