Measures of liquidity, solvency and profitabuity The comparative finaticial statements of Stargel inci are as follows. The market price of 5 targel common stock was 5119.70 on December 31,20y2. Stargel Inc. Comparative Income Statement For the Years Ended December 31.20Y2 and 20Y1 Stargel Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 \begin{tabular}{lrr} \hline & \multicolumn{1}{c}{ 20Y2 } & \multicolumn{1}{c}{ 20Y1 } \\ \hline Sales & $10,000,000 & $9,400,000 \\ Cost of goods sold & (5,350,000) & (4,950,000) \\ Gross profit & $4,650,000 & $4,450,000 \\ \cline { 2 - 3 } Selling expenses & $(2,000,000) & $(1,880,000) \\ Administrative expenses & (1,500,000) & (1,410,000) \\ \hline Total operating expenses & $(3,500,000) & $(3,290,000) \\ \cline { 2 - 3 } Operating income & $1,150,000 & $1,160,000 \end{tabular} Other revenue and expense: Other revenue Other expense (interest) Income before income tax expense Income tax expense Net income 150,000140,000 \begin{tabular}{rr} (170,000) & (150,000) \\ \hline$1,130,000 & $1,150,000 \end{tabular} \begin{tabular}{cc} (230,000) & (225,000) \\ \hline$900,000 & $925,000 \\ \hline \end{tabular} Stargel Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Stargel Inc. Comparative Balance Sheet Determine the following meosires for 2012. Rounding to one decimal place, except dollar amounts which should be rounded to the nearest cent. Use the rounded answer of the equirement for subsequent requirement, if required. Assume 365 days a year