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On December 31, 2020, the stockholders' equity section of Marigold Corp., was as follows: Common stock, par value $10; authorized 40000 shares; issued and outstanding
On December 31, 2020, the stockholders' equity section of Marigold Corp., was as follows: Common stock, par value $10; authorized 40000 shares; issued and outstanding 12000 shares $ 120000 Additional paid-in capital 120000 Retained earnings 180000 Total stockholders' equity $420000 On March 31, 2021, Marigold declared a 10% stock dividend, and accordingly 1200 additional shares were issued, when the fair value of the stock was $19 per share. For the three months ended March 31, 2021, Marigold sustained a net loss of $39800. The balance of Marigold's retained earnings as of March 31, 2021, should be $140200. O $117400. $128200. $129400
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