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I Need help showing my work on these questions. Hw Nineteen Measures of Solvency and Profitability The comparative financial statements of Blige Inc. are as

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Hw 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 $67 on December 31, 2016. Blige Inc Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2016 2015 $1,562,400 $1,330,000 355,200 272,400 Retained earnings, January 1 Add net income for year Total Deduct dividends $1,917,600 $1,602,400 $11,200 $11,200 28,800 28,800 $40,000 $40,000 Retained earnings, December 31 $1,877,600 $1,562,400 On preferred stock On common stock Total Blige Inc Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2016 2015 Sales Sales returns and allowances Sales Cost of goods sold Gross profit Selling expenses $2,002,495 $1,842,300 6,470 $1,992,535 $1,835,830 766,500 705,180 $1,226,035 $1,130,650 9,960 $1226,035 $1,130,650 $385,240 $484,190 328,175 284,370 713,415 768,560 $512,620 $362,090 26,980 23,110 $539,600 $385,200 136,000 75,200 Total operating expenses Income from operations Other income Other expense (interest) Income before income tax $403,600 $310,000 48,400 37,600 355,200 $272,400 Income tax expense Net income Blige Inc. Comparative Balance Sheet

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