Assessment 4: Preparing a Statement of Retained Earnings (10 Marks) Given the following information, prepare a statement of retained earnings for Bond Corporation for the year ended December 31, 2019. During the 2019 year Bond Corporation had total revenue of $1,990,000 and total expenses of $1,110,000. Bond Corporation has 20,000 preferred shares authorized with 10,000 of them issued and outstanding. Each preferred share received a $10 cash dividend in 2019. Bond Corporation started the year with 400,000 common shares outstanding. In January they issued another 100,000 common shares at a price of $8 each. During the 2019 year each common share received a $1 cash dividend. The Beginning Balance in Retained Earnings for the year was $2,450,000 When preparing the Statement of Retained Earnings for Bond Corporation make sure you distinguish the two cash dividends as Preferred and Common