Presented here are the financial statements of Marigold Company.

Marigold Company Comparative Balance Sheets December 31
Assets		2022			2021
Cash		$37,900			$19,700
Accounts receivable		32,300			19,500
Inventory		29,900			20,000
Property, plant, and equipment		60,000			78,000
Accumulated depreciation		(29,700	)		(23,000	)
Total		$130,400			$114,200
Liabilities and Stockholders Equity
Accounts payable		$28,800			$16,700
Income taxes payable		7,000			8,300
Bonds payable		27,400			32,000
Common stock		18,100			14,100
Retained earnings		49,100			43,100
Total		$130,400			$114,200

Marigold Company Income Statement For the Year Ended December 31, 2022
Sales revenue				$241,300
Cost of goods sold				175,700
Gross profit				65,600
Selling expenses		$18,600
Administrative expenses		6,200		24,800
Income from operations				40,800
Interest expense				2,400
Income before income taxes				38,400
Income tax expense				7,680
Net income				$30,720

Additional data:

1.		Depreciation expense was $15,500.
2.		Dividends declared and paid were $24,720.
3.		During the year equipment was sold for $9,200 cash. This equipment cost $18,000 originally and had accumulated depreciation of $8,800 at the time of sale.
4.		Bonds were redeemed at their carrying value.
5.		Common stock was issued at par for cash.