Cooper Industries, Inc., began 2019 with retained earnings of $25.21 milion. During the year I paid four quarterly dividends of $0.36 per share to 225 million common stockholders. Preferred stockholders, holding 509,000 shares were paid two semiannual dividends of $0.71 per share. The firm had a neprofit after taxes of $6.40 milion Prepare the statement of retained earnings for the year ended December 31, 2019 Complete the statement of retained earnings below. (Round to the nearest dolar) Cooper Industries, Inc. Statement of Retained Earnings for the Year Ended December 31, 2019 Retained earnings balance (January 1, 2019) Plus: Net profits after taxes (for 2019) Less: Cash dividends (paid during 2019) Preferred stock Common stock Total dividends paid Retained earrings balance (December 31, 2019)