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Marigold Corporation had sales revenue of $5,820,000 and investment revenue of $229,000 for the year ended December 31, 2023. Other items pertaining to 2023
Marigold Corporation had sales revenue of $5,820,000 and investment revenue of $229,000 for the year ended December 31, 2023. Other items pertaining to 2023 were as follows: Cost of goods sold $4,650,000 Salaries and wages expense (sales) 368,000 Advertising expense 130,000 Entertainment expense 78,000 Selling expenses 576,000 Salaries and wages expense (administrative) 305,000 Rent expense 110,000 41,000 Utilities expense Administrative expenses 456,000 Increase in value of company reputation 71,000 Unrealized gain on value of patents 36,000 Interest expense 157,000 84,000 come tax expense Marigold has 100,000 common shares outstanding throughout the year. Prepare a single-step income statement showing expenses by nature. Include calculation of EPS. (Round per share answer decimal places, e.g. 52.72.) Revenues Sales Revenue Investment Revenue Total Revenues Expenses Cost of Goods Sold Marigold Corporation Income Statement For the Year Ended December 31, 2023 Salaries and Wages Expense Advertising Expense $ Advertising Expense Entertainment Expense Salaries and Wages Expense Rent Expense Utilities Expense Total Expenses Earnings per Share +A +A $
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