8. PR.17-04.ALGO (Algorithmic) Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall inc. are as follows. The market price of Marshall common stock was $ 63 on December 31, 20Y2. Marshall Inc. For the Years Ended December 31, 20Y2 and 2oY1 20Y2 20Y1 Retained earnings, January 1 Net income Total Dividends: On preferred stock On common stock $2,708,100 $ 2,293,000 638,400 469,700 $3,346,500 $ 2,762,700 S 9,800 9,800 44,800 44,800 Total dividends 5 54,600 $ 54,600 Retained earnings, December 31$ 3,291,900 s 2.708,100 Page 7 of 8 Marshall Ine. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 llin Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $ 3,653,650 $ 3,366,320 1,403,060 1,290,820 s 2,250,590 $2,075,500 $715,920 $910,320 609,850 534,630 1,444,950 630,550 1,325,770 $ 924,820 48,680 40,250 $ 973,500 $670,800 248,000 136,800 Other expense (interest) Income before income tax 725,500 $534,000 64,300 638,400 $469,700 87,100 Income tax expense Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 Dec. 31, 20Y1 Dec. 31, 20Y2