Presented here are the financial statements of Marigoid Company Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total Marigold Company Comparative Balance Sheets December 31 Sales revenue Cost of goods sold Gross proft Selling expenses Administrative expenses Income from operations interest expense Income before income taxes Income tax expense Net income Additional data 2022 $37.900 32.300 29,900 60.000 $130,400 $18.600 6.200 Marigold Company Income Statement For the Year Ended December 31, 2022 $28,800 7.000 27,400 (29.700) (23,000) 18,100 $130.400 49.100 5241,300 175.700 65.600 24.800 40.800 2400 38.400 7.680 2021 $30,720 $19.700 19.500 20,000 78,000 $114.200 $16.700 8.300 32.000 14.100 43.100 $114.200

Presented here are the financial statements of Marigoid Company Assets Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total Marigold Company Comparative Balance Sheets December 31 Sales revenue Cost of goods sold Gross proft Selling expenses Administrative expenses Income from operations interest expense Income before income taxes Income tax expense Net income Additional data 2022 $37.900 32.300 29,900 60.000 $130,400 $18.600 6.200 Marigold Company Income Statement For the Year Ended December 31, 2022 $28,800 7.000 27,400 (29.700) (23,000) 18,100 $130.400 49.100 5241,300 175.700 65.600 24.800 40.800 2400 38.400 7.680 2021 $30,720 $19.700 19.500 20,000 78,000 $114.200 $16.700 8.300 32.000 14.100 43.100 $114.200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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