The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $ 54 on December 31, 20Y2. Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Retained earnings, January 1 $2,440,975 $2,060,525 Net income 539,600 422,000 Total $2,980,575 $2,482,525 Dividends: On preferred stock $9,100 $9,100 On common stock 32,450 32,450 Total dividends $41,550 $41,550 Retained earnings, December 31 $2,939,025 $2,440,975 Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $3,331,720 $3,069,670 Cost of goods sold 1,206,690 1,110,150 Gross profit $2,125,030 $1,959,520 S