Cooper Industries, Inc., began 2015 with retained earnings of $ 24.58$24.58 million. During the year it paid four quarterly dividends of $ 0.36$0.36 per share to 3.143.14 million common stockholders. Preferred stockholders, holding 486 comma 000486,000 shares, were paid two semiannual dividends of $ 0.74$0.74 per share. The firm had a net profit after taxes of $ 4.69$4.69 million. Prepare the statement of retained earnings for the year ended December 31, 2015.