Cooper Industries, Inc. began 2015 with retained earnings of $25.42 million. During the year it paid four quarterly dividends of $0.38 per share to 2.34 million common stockholders. Preferred stockholders, holding 500.000 shares, were paid two semiannual dividends of $0 73 per share. The firm had a net profit after taxes of $5.38 million Prepare the statement of retained eamings for the year ended December 31, 2015, Complete the statement of retained earnings below. (Round to the nearest dollar) $ Cooper Industries, Inc. Statement of Retained Earnings for the Year Ended December 31, 2015 Retained earnings balance (January 1, 2015) Plus: Net profits after taxes (for 2015) Less Cash dividends (paid during 2015) Preferred stock 5 Common stock Total dividends pald Retained earnings balance December 31, 2015) S S