Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $3,113,250 $2,647,850 Net income 710,400 542,300 Dividends: On preferred stock (11,200) (11,200) On common stock (65,700) (65,700) Retained earnings, December 31 $3,746,750 $3,113,250 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $4,175,600 $3,847,230 Cost of merchandise sold 1,451,240 1,335,140 Gross profit $2,724,360 $2,512,090 Selling expenses $913,370 $1,126,380 Administrative expenses 778,060 661,530 Total operating expenses $1,691,430 $1,787,910 Income from operations $1,032,930 $724,180 Other revenue and expense: Other revenue 54,370 46,220 Other expense (interest) (280,000) (154,400) Income before income tax expense $807,300 $616,000 Income tax expense 96,900 73,700 Net income $710,400 $542,300 Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets: Cash $721,550 $749,220 Marketable securities 1,092,070 1,241,560 Accounts receivable (net) 781,100 737,300 Inventories 584,000 452,600 Prepaid expenses 136,505 149,840 Total current assets $3,315,225 $3,330,520 Long-term investments 1,856,600 697,700 Property, plant, and equipment (net) 4,550,000 4,095,000 Total assets $9,721,825 $8,123,220 Liabilities Current liabilities $1,105,075 $1,709,970 Long-term liabilities: Mortgage note payable, 8% $1,570,000 $0 Bonds payable, 8% 1,930,000 1,930,000 Total long-term liabilities $3,500,000 $1,930,000 Total liabilities $4,605,075 $3,639,970 Stockholders' Equity Preferred $0.70 stock, $40 par $640,000 $640,000 Common stock, $10 par 730,000 730,000 Retained earnings 3,746,750 3,113,250 Total stockholders' equity $5,116,750 $4,483,250 Total liabilities and stockholders' equity $9,721,825 $8,123,220 12. Return on total assets 13. Return on stockholders equity 14. Return on common stockholders equity 16. Price-earnings ratio 18. Dividend yield