stock was $ 67 on 31, 20Y2 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 $ 3,487,200 799,200 $4,286,400 $ 2,938,900 601,900 $3,540,800 Net income Total Dividends 12,600 41,000 $ 53,600 $ 3,487,200 $ 12,600 1,000 53,600 $4,232,800 On preferred stock On common stock Total dividends Retained earnings, December 31 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y 20Y1 20Y2 $ 4,945,550 s 5,367,690 Sales Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales Cost of goods sold Gross profit Selling expenses Administrative expenses Total operating expenses Income from operations Other revenue $5,367,690 1,884,130 $ 3,483,560 $1,218,220 1,037,750 $2,255,970 $ 1,227,590 64,610 $ 1,292,200 384,000 $ 908,200 109,000 s 799,200 $ 4,945,550 1,733,400 $ 3,212,150 $ 1,493,520 877,140 $2,370,660 $ 841,490 53,710 s 895,200 211,200 $ 684,000 82,100 $ 601,900 Other expense (interest) Income before income tax Income tax expense Net income Marshall Inc. Comparative Balance Sheet December 31, 20Y2 and 20Y1 20Y2 20Y1 Assets Current assets Cash Marketable securities Accounts receivable (net) Inventories Prepaid expenses $ 1,091,260 1,651,630 970,900 730,000 206,450 s 4,650,240 1,712,640 5,760,000 $ 828,780 1,373,400 912,500 569,400 165,760 s 3,849,840 356,007 5,184,000 Total current assets Long-term investments Property, plant, and equipment (net) Total assets s 9,389,847 s 12,122,880 Liabilities s 1,722,647 s 1.550.080 Current liabilities