Answer Happy

35,300,000 2,575,000 Maris Corporation Incone Statement Year Ended December 31, 20XX Sales Cost of goods sold Gross profits Selling and disinistrative expense Amortization expense Operating income Interest expense Earnings before taxes Taxes 1.725,000 690.000 210,000 325,000 58.000 767.000 450,000 Earnings after taxes 317,000 Preferred stock dividends 25,000 Earnings zvailable to common shareholders $292,000 Shares outstanding Earnings per share 146.000 $2.00 Statement of Retained Earnings For the Year Ended December 21, 20XX Retained earnings. balance. January 1, 20XX Add: Earnings available to ccanon shareholders, 2018 Deduct: Cash dividends declared and paid in 2016 3900.000 292,000 150.000 Retained earnings, balance, December 21, 20XX $1,042,000 Comparative Balance Sheets For 20XX and 20% December 31, 20KK December 31, 20% Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses $120,000 500.000 620,000 22.000 $100,000 489,000 604,000 44,000 1.272.000 120.000 Total current 25 sets Investments Long-tern securities) Plant and equipment Less: Accumulated anortization 1.244,000 125,000 2, 400,000 973,000 1,800,000 763.000 1,087,000 Ne plant and equipment Total 25 sets 1.427,000 32.319.000 32, 405,000 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses 3435.000 500,000 49,000 $220,000 500,000 66,000 736,000 Total current liabilities Long-term liabilities: Bonds payable, 20XY 957,000 170.000 100,000 1. 157,000 886,000 Total liabilities Shareholders equity: Preferred stock Common stock Retained earnings Total shareholders' equity Tozzl liabilities and shareholders' equity 120,000 500,000 1,042,000 120,000 500,000 900,000 1, 662,000 1.520,000 $2,406,000 32.319.000 Compute the book value per common share for 20XW and 20XX for the Maris Corporation. (Round the final answers to 2 decimal places.) 20 200X Book value 3 3 1