(Answered) The following stockholders equity section of petal pusher

Accounting

The following stockholders' equity section of Petal Pusher Company's balance sheet appeared at December 31, 2015.

Common stock, $1 par value, 200,000 shares issued	$ 200,000
Additional paid-in capital-common	800,000
Retained earnings	450,000
Total stockholders' equity	$1,450,000

Answer the following:

Has the company been profitable since its inception? How do you know?

What does the balance in retained earnings represent?

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