The stockholders’ equity section of Glory Company’s balance sheet was as follows as of December 31, 2003, and December 31, 2002:

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Glory Company Stockholders' Equity Sections of Balance Sheet December 31, 2003 and 2002 (in millions) 2003 2002 Preferred stock Common stock Paid-in capital, various types Retained earnings.. Subtotal.. $ 21.4 $ 21.4 48.4 43.2 22.6 15.3 51.8 41.2 $144.2 $121.1 Accumulated foreign currency translation adjustments.. 21.4 57.3 Net unrealized gains (losses) on investments in certain debt and equity securities Total stockholders' equity. (46.4) (8.8) $119.2 $169.6 Based on the stockholders' equity section for Glory Company, answer the following ques- tions: 1. Do you believe Glory Company made a profit during the year 2003? Assuming that only net income and dividends changed the retained earnings balance from 2002 to 2003, by how much did net income exceed dividends? 2. What was the total amount of money raised during 2003 from the selling of stock? (As- sume that only the selling of stock affected the contributed capital accounts.) 3. Did the market value of Glory Company's securities that affect the equity section in- crease or decrease in 2003? By how much? 4. Interpretive Question: The board of directors believes it should fire the current manage- ment of the company because total stockholders' equity decreased substantially. Do you agree? Why or why not?