Measures of liquidity, Solvency, and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 60 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 20Y2 20Y1 $1,934,850 $1,628,950 438,000 333,600 $2,372,850 $1,962,550 $7,000 $7,000 20,700 20,700 Total dividends $27,700 $27,700 Retained earnings, December 31 $2,345,150 $1,934,850