Marigold Inc. began operations in January $2023$ and reported the following results for each of its $3$ years of operations.

$\backslash$table$[[2023,$$$284,000,$net loss$],[2024,40,000,$netloss$],[2025,869,000$ net income,$]]$

At December $31,2025,$ Marigold Inc. capital accounts were asffollows.

$7\%$ cumulative preferred stock, par value $$100$; authorized, issued, and outstanding $5,100$ sha Common stock, par value $$1\mathrm{.}00$; authorized $1,000,000$ shares; issued and outstanding $721,00$

Marigold Inc. has never paid a cash or stock dividend. There has been no change in the capital accounts since Marigold began operations. The state law permits dividends only from retained earnings.