Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 52 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1 Net income Total Dividends: On preferred stock On common stock Total dividends Retained earnings, December 31 Sales Cost of goods sold Gross profit 2012 20Y1 $2,453,000 $2,077,800 524,400 425,600 $2,977,400 $2,503,400 $9,100 $9,100 41,300 41,300 $50,400 $50,400 $2,927,000 $2,453,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 2012 20Y1 $3,613,500 $3,329,250 1,267,280 1,165,900 $2,346,220 $2,163,350