earnings for the year ended December $31,2021.$

Complete the statement of retained earnings below: $($Round to the nearest dollar.$)$

Cooper Industries, Inc.

Statement of Retained Earnings

for the Year Ended December $31,2021$

Retained earnings balance $($January $1,2021)$

Plus: Net profits after taxes $($for $2021)$

Less: Cash dividends $($paid during $2021)$

Preferred stock

$

Common stock

Total dividends paid

Retained earnings balance $($December $31,2021)$