Measures of liquidity, Solvency and Profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 59 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 Net income Total Dividends: s2,711,300 638,400 $3,349,700 $2,301,000 471,300 $2,772,300 On preferred stock On common stock Total dividends 9,800 51,200 61,000 $3,288,700 $9,800 51,200 61,000 $ 2,711,300 Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales Cost of goods sold Gross profit 4,307,000 1,511,100 $ 2,795,900 $3,968,300 1,390,210 $2,578,090