Marigold Inc. is a major retailer of road bicycles and a promoter of riding bicycles to...

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Marigold Inc. is a major retailer of road bicycles and a promoter of riding bicycles to work, both to save the environme physical fitness. Financial statements for Marigold are presented below. STATEMENT OF FINANCIAL POSITION Current Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets December 31 2021 2020 56,150 20,150 24,950 10,650 31,400 16,400 15,400 10,400 127.900 57,600 Property and Equipment Property and equipment 160,250 150,250 Less: Accumulated depreciation 78,900 70,000 Alat ennneband.nouinment 01 200 80x50 Marigold Inc. is a major retailer of road bicycles and a promoter of riding bicycles to work, both to save the environme physical fitness. Financial statements for Marigold are presented below. STATEMENT OF FINANCIAL POSITION Current Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets December 31 2021 2020 56,150 20,150 24,950 10,650 31,400 16,400 15,400 10,400 127.900 57,600 Property and Equipment Property and equipment 160,250 150,250 Less: Accumulated depreciation 78,900 70,000 Alat ennneband.nouinment 01 200 80x50