2) (5 points) On December 31, 2020, the Prescott Corporation had $505,000 as an ending balance for its retained carnings account. During 2021, the corporation declared a $3.00/share dividend to its stockholders. The Prescott Corporation has 50,000 shares of common stock outstanding. When the books were closed for 2021 year-end, the corporation had a final retained earnings balance of $S75,000. What was the net profit carned by Prescott Corporation during 2021