The comparative financial statements of Chattah Inc. are as follows. The market price of Chattah Inc. common stock was $25 on December 31, 2012.

Instructions:
Determine the following measures for 2012. Round answers to one decimal place, and dollars amounts to the nearest whole cent. Assume 365 days a year.

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Chattah Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 2012 and 2011 2012 2011 $1,646,120 847,000 976,120 850,000 1,826,120 Add net income for year Deduct dividends: On preferred stock On common stock.... 30,000 150,000 $ 30,000 150,000 $ 180,000 $1,646,120 Total.. . . Retained earnings, December 31 . S2,313,120 Chattah Inc. Comparative Income Statement For the Years Ended December 31, 2012 and 2011 2012 2011 Sales (all on account) Sales returns and allowances... Net sales. . $9,056,000 56,000 .$9,000,000 4,500,000 $4,500,000 .$1,936,000 1,296,000 .$3,232,000 .1,268,000 128,000 $1,396,000 309,000 $1,087,000 240,000 .. S 847.000 $7,840,000 40,000 $7,800,000 3,680,000 $4,120,000 $1,840,000 1,216,000 $3,056,000 $1,064,000 96,000 $1,160,000 110,000 $1,050,000 200,000 $ 850,000 Gross profit Total operating expenses Income from operations .. Other expense (interest).. .. Net income Chattah Inc. Comparative Balance Sheet December 31, 2012 and 2011 Dec. 31, 2012 Dec. 31, 2011 Assets Current assets: 420,000 $306,000 408,000 482,120 850,000 89,250 $2,135,370 637,500 5,100,000 $7,872,870 Cash Temporary investments 760,000 663,000 1,072,700 92,400 ...5 3,008,100 825,000 6,450,020 . $10,283,120 Inventories Property, plant, and equipment (net) Total assets Liabilities ..$ 770,000 726,750 Long-term liabilities: Mortgage note payable, 1 296, due 2017 . . . . . . . . . . . . . . . . . Bonds payable, 1 1%, due 2021 . . . 1,200,000 1,500,000 .. 2,700,000 ...$ 3,470,000 0 1,000,000 1,000,000 1,726,750 Total long-term liabilities.... Stockholders' Equity Preferred $2.00 stock, $100 par.. . 1,500,000 3,000,000 2,313,120 ...$ 6,813,120 1,500,000 3,000,000 1,646,120 $6,146,120 57.872,870 Total liabilities and stockholders' equity