Bonita Corporation has the following shareholders equity on July 31, 2020: Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares authorized, 4500 shares issued $ 1940000 Common shares, 600,000 shares authorized, 10300 shares issued 292000 Total share capital 2232000 Retained earnings 505000 Total shareholders' equity $2737000 Assume that on June 15, 2021, Bonita paid the preferred dividend for the current year (there were no dividends in arrears) and paid a dividend of $2 to each common shareholder. The company earned $ 50000 in profit during 2021. The July 31, 2021 financial statements will show an ending balance in retained earnings of O $ 434400. O $ 489400. O $ 505000. O $ 555000