Cooper Industries, Inc., began 2009 with retained earnings of $25.32 million. During the year,

it paid four quarterly dividends of $0.35 per share to 2.75 million common stockholders.

Preferred stockholders, holding 500,000 shares, were paid two semiannual dividends of

$0.75 per share. The firm had a net profit after taxes of $5.15 million. Prepare the statement

of retained earnings for the year ended December 31, 2009.