On January $1,$ Marigold Inc. purchased $3,750$ of the $15,000$ outstanding shares of common stock of Nature Net Inc. obtaining significant influence of the company. The shares were purchased for $$5,000$ cash and Marigold Inc. intends for it to be a long$-$term investment. During the year, Nature Net Inc. reported net income of $$26,000$ and declared and paid dividends of $$12,000.$

Additional information concerning $2021$ is as follows.

Sales were $$3,200,$ all for cash.

Purchases were $$2,000,$ all paid in cash.

Salaries were $$750,$ all paid in cash.

Property, plant, and equipment was originally purchased for $$1,900$ and is depreciated straight$-$line over a $25-$year life with no salvage value.

Ending inventory was $$1,800.$

Cash dividends of $$90$ were declared and paid by Marigold.

Ignore taxes.

The market rate of interest on bonds of similar risk was $12\%$ during all of $2021,$ their face value was $$8,000,$ and the coupon rate is equal to $10\%.$

Interest on the bonds is paid semiannually each June $30$ and January $1.$

In the Excel file, record the journal entries and folfow the accounting process to create the financial statements.