Measures of liquidity, Solvency, and Profitability

The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ $58$ on December $31,20$Y$2.$

Marshall Inc.

Comparative Retained Earnings Statement

For the Years Ended December $31,20$Y$2$ and $20$Y$1$

$20$Y$220$Y$1$

Retained earnings, January $1$ $$4,503,950$ $$3,789,650$

Net income $994,000776,200$

Dividends:

On preferred stock $(13,300)(13,300)$

On common stock $(48,600)(48,600)$

Retained earnings, December $31$ $$5,436,050$ $$4,503,950$