The comparative nancial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.80 on December 31, 20Y2….
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The comparative financial statements of Marshall Inc. are as follows. The market price of Marshall common stock was $82.80 on December 31, 20Y2. Marshall Inc.Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 1 20Y2 20Y1 2 Retained earnings, January 1 $3,716,000.00 $3,266,000.00 3 Net income 611,000.00 560,000.00 4 Total $4,327,000.00 $3,826,000.00 5 Dividends: —6 0n preferred stock $10,000.00 $10,000.00 7 0n common stock 100,000.00 100,000.00 3 Total dividends $110,000.00 $110,000.00 9 Retained earnings, December 31 $4,217,000.00 $3,716,000.00
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