Your answer is partially correct. Marigold Corporation's post-closing trial balance at December 31, 2020, was as follows: MARIGOLD CORPORATION Post-Closing Trial Balance December 31, 2020 Debit Credit Accounts payable $ 270,000 Accounts receivable $ 530,000 Accumulated depreciation-buildings 182,000 Accumulated other comprehensive income 100,000 Allowance for doubtful accounts 32,000 Bonds payable 320,000 Buildings 1,500,000 Cash 187,000 Common shares 260,000 Contributed surplus-common 1,510,000 Dividends payable on preferred shares 3,570 Inventory 330,000 FV-NI investments 260,000 Land 520,000 Preferred shares 469,200 Prepaid expenses 52,000 Retained earnings 512,230 Treasury shares (14,000 common shares) 280,000 Totals $ 3,659,000 $ 3,659,000 At December 31, 2020, Marigold had the following numbers for its common and preferred shares: Common Preferred Authorized 620,000 62,000 Issued 260,000 10,200 Outstanding 246,000 10,200