Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 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 Increase in retained earnings Retained earnings, December 31 20Y2 $3,704,000 $ 600,000 20Y1 $3,264,000 $550,000 (10,000) (10,000) (100,000) (100,000) $490,000 $440,000 $4,194,000 $3,704,000 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 Sales Cost of goods sold Gross profit Selling expenses Administrative.exnoecon Check My Work 20Y2 $ 10,850,000 (6,000,000) $ 4,850,000 $ (2,170,000) 1.627 5001 20Y1 $10,000,000 (5,450,000) $4,550,000 $ (2,000,000) 1.500.0001