Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 20Y1 Retained earnings, January 1 Net income Dividends: On preferred stock 20Y2 20Y1 $1,278,500 $1,091,900 280,000 223,600 (9,800) (9,800) On common stock (27,200) (27,200) Retained earnings, December 31 $1,521,500 $1,278,500