Builtrite ended 2018 with retained earnings of $1,800,000. At the end of 2019, Builtrite had net profits after tax of $1,200,000. During 2019 Builtrite paid preferred stock dividends of $200,000 and common stock dividends of $300,000. What is the 2019 end of year total for retained earnings? $2,100,000 $2,200,000 $2,300,000 $2,400,000 $2,500,000