Grouper Inc. has the following selected financial data: 2020 2019 Net income $734,000 $686,000 Total assets 5,133,000 4,512,000 Preferred shares, 5%, cumulative 615,000 615,000 Common shares 343,000 343,000 Retained earnings 2,795,000 2,192,000 Accumulated other comprehensive income 142,000 128,700 Total shareholders' equity 3,895,000 3,278,700 Cash dividends paid in the year 131,000 175,000 Market price of common shares $95.23 $64.02 Weighted average number of common shares 71,000 71,000