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The following balances were taken from the books of Marigold Corp. on December 31, 2020. $87,150 Accumulated depreciation-equipment $41,150 Interest revenue Accumulated depreciation-buildings 29,150 Cash

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The following balances were taken from the books of Marigold Corp. on December 31, 2020. $87,150 Accumulated depreciation-equipment $41,150 Interest revenue Accumulated depreciation-buildings 29,150 Cash 52,150 Sales revenue 1,381,150 Notes receivable 156,150 Selling expenses Accounts receivable 151,150 195,150 Accounts payable Prepaid insurance 21,150 171,150 Bonds payable Sales returns and allowances 151,150 101,150 Administrative and general expenses 98,150 Allowance for doubtful accounts 8,150 Sales discounts 46,150 Accrued liabilities 33,150 Land 101,150 Interest expense 61,150 201,150 Notes payable Equipment 101,150 Loss from earthquake damage Buildings 141,150 151,150 Cost of goods sold 622,150 501,150 Common stock Retained earnings 22,150 Assume the total effective tax rate on all items is 20% Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. MARIGOLD CORP. Income Statement $ Per share of common stock

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