The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 56 on December 31, 2012. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 Retained earnings, January 1 20Y2 $2,230,225 20Y1 $1,892,275 469,200 387,600 $2,699,425 $2,279,875 Net income Total Dividends: On preferred stock On common stock $6,300 $6,300 43,350 43,350 Total dividends $49,650 $49,650 Retained earnings, December 31 $2,649,775 $2,230,225