Six Measures of Solvency or Profitability The following data were taken from the financial statements of Gates Inc. for the current fiscal year. Property, plant, and equipment (net) Liabilities: $1,302,000 Current liabilities Note payable, 6%, due in 15 years Total liabilities $186,000 930,000 $1,116,000 Stockholders' equity: Preferred $2 stock, $100 par (no change during year) Common stock, $10 par (no change during year) $1,674,000 1,674,000 Retained earnings: $1,786,000 Balance, beginning of year Net income Preferred dividends Common dividends Balance, end of year 575,000 $2,361,000 $33,480 95,520 129,000 Total stockholders' equity Sales Interest expense 2,232,000 $5,580,000 $30,683,950 $55,800