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Measures of liquidity, Solvency, and profitability The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 60 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 2041 2012 2011 Retained earnings, January 1 $1.951,700 $1,665,900 341,200 Net income 432,000 Dividends: On preferred stock On common stock Retained earnings, December 31 (14,000) (41,400) $2,328,300 (14,000) (41,400) $1,951,700 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2041 2012 2011 $2,674,170 $2,902,480 1,131,500 1,040,980 $1,633,190 $1,770,980 $593,690 $728,540 505,740 427,880 Sales Cost of merchandise sold Gross profit Selling expenses Administrative expenses