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: Sales Cost of goods sold Maris Corporation Income Statement Year Ended December 31, 20xx Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Earnings before taxes- Earnings after taxes Preferred stock dividenda $5,700,000 3,875,000 1,825,000 730,000 250,000 845,000 52,000 793,000 350,000 443,000 30,000 Earnings available to common shareholders Shares outstanding Earnings per share $413,000 165,200 $2.50 Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx $900,000 Add: Earnings available to connon shareholders, 20xx Deduct: Cash dividends declared and paid in 20xx 413,000 150,000