Marshall Inc.
Comparative Retained Earnings Statement
For the Years Ended December 31, 20Y2 and 20Y1
			20Y2		20Y1
Retained earnings, January 1			$1,263,300		$1,067,300
Net income			296,000		218,600
Total			$1,559,300		$1,285,900
Dividends:
	On preferred stock		$9,800		$9,800
	On common stock		12,800		12,800
		Total dividends	$22,600		$22,600
Retained earnings, December 31			$1,536,700		$1,263,300

Marshall Inc.
Comparative Income Statement
For the Years Ended December 31, 20Y2 and 20Y1
	20Y2		20Y1
Sales	$1,744,335		$1,607,130
Cost of goods sold	572,320		526,530
Gross profit	$1,172,015		$1,080,600
Selling expenses	$406,960		$499,800
Administrative expenses	346,675		293,540
Total operating expenses	$753,635		$793,340
Income from operations	$418,380		$287,260
Other revenue	22,020		18,340
	$440,400		$305,600
Other expense (interest)	104,000		57,600
Income before income tax	$336,400		$248,000
Income tax expense	40,400		29,400
Net income	$296,000		$218,600

Marshall Inc.
Comparative Balance Sheet
December 31, 20Y2 and 20Y1
			20Y2		20Y1
Assets
Current assets
	Cash		$284,810		$321,360
	Marketable securities		431,060		532,540
	Accounts receivable (net)		306,600		284,700
	Inventories		233,600		175,200
	Prepaid expenses		53,882		64,270
		Total current assets	$1,309,952		$1,378,070
Long-term investments			846,108		462,077
Property, plant, and equipment (net)			1,690,000		1,521,000
Total assets			$3,846,060		$3,361,147
Liabilities
Current liabilities			$409,360		$777,847
Long-term liabilities:
	Mortgage note payable, 8%		$580,000		$0
	Bonds payable, 8%		720,000		720,000
		Total long-term liabilities	$1,300,000		$720,000
Total liabilities			$1,709,360		$1,497,847
Stockholders' Equity
Preferred $0.70 stock, $20 par			$280,000		$280,000
Common stock, $10 par			320,000		320,000
Retained earnings			1,536,700		1,263,300
Total stockholders' equity			$2,136,700		$1,863,300
Total liabilities and stockholders' equity			$3,846,060		$3,361,147

Required:

Determine the following measures for 20Y2, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cent. Use the rounded answer of the requirement for subsequent requirement, if required. Assume 365 days a year.