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A comparative balance sheet for Marigold Corporation is presented as follows. pnel E December...

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Question

Accounting

A comparative balance sheet for Marigold Corporation is presented as follows.

pnel

E

December $31$

Assets

$2025$

$2024$

Cash

$ $72, 780$

$ $22, 000$

Accounts receivable

$83, 570$

$67, 790$

Inventory

$181, 570$

$190, 790$

Land

oWn

VSET

$72, 570$

$111, 790$

Equipment

$261, 570$

$201, 790$

Accumulated depreciation $-$ equipment

$(70, 570)$

$(43, 790)$

Total

$ $601, 490$

$ $550, 370$

Liabilities and Stockholders' Equity

Accounts payable

$ $35, 570$

D

$150, 000$

$ $48, 790$

Bonds payable

$200, 000$

Common stock $($ $ $1$ par $)$

$214, 000$

$164, 000$

Retained earnings

$201.920$

$137.580$

Total

$ $601, 490$

$ $550, 370$

Additional information:

Y

Net income for $2025$ was $ $128, 140 .$ No gains or losses were recorded in $2025 .$

$2 .$

Cash dividends of $ $63, 800$ were declared and paid.

$3 .$

Bonds payable amounting to $ $50, 000$ were retired through issuance of common stock.

$($ a $)$

ona $-$

dge

Your answer is partially correct.

Prepare a statement of cash flows for $2025$ for Marigold Corporation. $($ Show amounts that decrease cash flow with either a $-$ si

Marigold Corporation

Statement of Cash Flows

For the Year Ended December $31, 2025$

Cash Flows from Operating Activities

Answer & Explanation Solved by verified expert

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