8 Six Measures of solvency or Profitability The following data were taken from the financial statements of olvideo Enterprises Inc. for the cument fiscal year. Property, plant, and equipment (net) $1,868,300 Liabilities Current liabilities $221,000 Mortgage note payable, 8%, issued 2003, due 2019 1,099,000 Total liabilities $1,320,000 Stockholders' equity: 1,980,000 Preferred $2 stock, $100 par (no change during year) 1,980,000 Common stock, $10 par (no change during year) Retained earnings $2,112,000 Balance, beginning of year 630,000 $2,742,000 Net income $39,600 62,400 102,000 dividends 2,640,000 Balance, end of year $6,600,000 Total stockholders' equity $21,067,200 Net sales