HW-Ch 15 1. Pr.15-1-Algo 2. Pr 15-2.Algo 3. PR 15-4 ALGO Calculator Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as follows. The market price of Blige Inc. common stock was $54 on December 31, 2016. Blige Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Retained earnings, January 1, $3,905,950 $3,321,550 Add net income for year 864,000 680,300 Total $4,001 850 K Deduct dividends on preferred stock $14,000 $14,000 on common stock 81,900 81,900 Total $95,900 Retained earnings, December 31 $4,674,050 $3,905,950