Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: Maris Corporation Income Statement Year Ended December 31, 20xx Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes Earnings after taxes $3,600,000 2,100,000 1,500,000 520,000 320,000 660,000 41,000 619,000 420,000 199,000 Preferred stock dividends 30,000 Earnings available to common shareholders $169,000 Shares outstanding Earnings per share 84,500 $2.00 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx Add: Earnings available to common shareholders, 20xx Deduct: Cash dividends declared and paid in 20xx Retained earnings, balance, December 31, 20xx $840,000 169,000 80,000 $929,000