Cooper Industries, Inc, began 2015 with retained eamings of $25.60 mition During the year it paid four quarterly dividends of $0.30 per share to 2 25 millon common stockholdens Preferred semiannual dividends of $0.71 per share. The im had a net profit after taxes of $4.95 million. Prepare the statement of rtained eamings for the year ended December 31, 2015 slockholdes, holding 486,000 shares, were paid two Complete the statement of retained eamings below: (Round to the nearest dollar.) Cooper Industries, Inc Statement of Retained Eamings for the Year Ended December 31, 2015 Retained eamings balance (January 1, 2015) Plus: Net profits ater taxes (for 2015) Less: Cash dividends (paid duiing 2015) Prelerred stock Common stook Total dividends paid Retained eamings baiance (December 31, 2015)