. The following stockholders' equity section of Petal Pusher Company's balance sheet appeared at December 31, 2015. Common stock, $1 par value, 200,000 shares issued $ 200,000 Additional paid-in capitalcommon 800,000 Retained earnings 450,000 Total stockholders equity $1,450,000 Answer the following: A) Has the company been profitable since its inception? How do you know? B) What does the balance in retained earnings represent?