Six Measures of Solvency or Profitability The following data were taken from the financial statements of Loveseth Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities: Current liabilities Note payable, 6%, due in 15 years Total liabilities $1,688,000 $211,000 1,055,000 $1,266,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) Retained earnings: Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year Total stockholders' equity Sales Interest expense $1,899,000 1,899,000 $2,026,000 729,000 $2,755,000 $37,980 185,020 223,000 2,532,000 $6,330,000 $32,586,400 $63,300