please help me understand how to do the work, show formula with numbers. I have actual formulas from the book. but I need to see the math to know how to calculate. I have entered the answers on some and these are correct. this is one question in cengage. 17-04.ALGO

ork eBook Calculator The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 69 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2041 20Y2 2011 Retained earnings, January 1 $2,468,925 $2,076,275 Net income 554,800 425,300 Total $3,023,725 $2,501,575 Dividends: On preferred stock $7,000 $7,000 On common stock 25,650 25,650 Total dividends $32,650 $32,650 Retained earnings, December 31 $2,991,075 $2,468,925 Marshall Inc. Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 20Y1 Sales $2,998,475 $2,762,660 1,199,390 1,103,440 $1,799,085 $1,659,220 Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses $545,460 $693,890 464,655 407,530 $1,010,115 $1,101,420 Income from operations $788,970 $557,800 Other revenue 41.530 35,600 $830,500 $593,400 110,400 Other expense (interest) 200,000 Income before income tax $630,500 $483,000 Income tax expense 75,700 57,700 Net income $554,800 $425,300 Marshall Inc. Comparative Balance Sheet Naramor 71 dv1 Chode Pay werk Check My Work All work saved, December 31, 2012 and 2UYT 2012 20Y1 Assets Current assets Cash $425,390 $558,930 926,220 643,830 584,000 547,500 438,000 335,800 Marketable securities Accounts receivable (net) Inventories Prepaid expenses Total current assets Long-term investments Property, plant, and equipment (net) 80,474 111,790 $2,171,694 $2,480,240 2,388,241 1,094,117 2,475,000 2,750,000 Total assets $7,309,935