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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall

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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.60 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 1 2 Retained earnings, January 1 3 Net income 4 Total 5 Dividends: 6 On preferred stock 7 On common stock 8 Total dividends 9 Retained earnings, December 31 20Y2 20Y1 $3,704,000.00 $3,264,000.00 600,000.00 550,000.00 $4,304,000.00 $3,814,000.00 $10,000.00 $10,000.00 100,000.00 100,000.00 $110,000.00 $110,000.00 $4,194,000.00 $3,704,000.00

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