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Presented below are selected ledger accounts of Marigold corporation as of December 31, 2025. Cash 124000, Administrative expenses 252000, selling expenses 198000, net sales 1340000,
Presented below are selected ledger accounts of Marigold corporation as of December 31, 2025. Cash 124000, Administrative expenses 252000, selling expenses 198000, net sales 1340000, cost of goods sold 527000, cash dividends declared (2025) 54000, cash dividend paid (2025) 35200, discontinued operations (loss before income taxes) 99000, depreciation expense, not recorded in 2024 75000, retained earnings December 31, 2024 226000. Effective tax rate 20%. Prepare a partial income statement beginning with income from continuing operations before income tax, and including appropriate earnings per share information. Assume 10000 shares of common stock were outstanding during 2025
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