Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 61 on December 31, 2012. 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 On common stock Retained earnings, December 31 Sales 2012 2011 $1,942,900 $1,644,000 432,000 336,700 (5,600) (5,600) (32,200) (32,200) $2,337,100 $1,942,900 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2011 Cost of merchandise sold 2012 $2,657,200 $2,448,260 899,360 827,410