PR 17-4A Nineteen measures of solvency and profitability OBJ, 2, 3 The comparative financial statements of Bettancort Inc. are as follows. The market price of Bettancort Inc. common stock was $71.25 on December 31, 2016. Bettancort Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2016 and 2015 2015 2016 $2,655,000 $2,400,000 Retained earnings, January 1 280,000 300,000 Add net income for year 000 $2,680,000 Deduct dividends: 15,000 15,000 On preferred stock 10,000 10,000 On common stock. 25000 25000 $2,930,000 $2,655,000 Retained earnings, December 31... Bettancort Inc. Comparative Income Statement For the Years Ended December 31, 2016 and 2015 2015 2016 $1,200,000 $1,000,000 Sales 475,000 500,000 Cost of goods sold. 525,000 700,000 Gross profit 200,000 S 240,000 Selling expenses 150,000 Administrative expenses 350,000 420.000 Total operating expenses S 175,000 280,000 Income from operations 225,000 166,000 446,000 400,000 Other income 66,000 other expense (interest 340,000 380,000 Income before income tax 60,000 300,000 280,000 Income tax expense Net income