Honey Mill Cameras Inc. reported the following results for the year ended October 31, 20Y9: Retained earnings, November 1, 2018 Net income Cash dividends declared Stock dividends declared $1,267,000 532,100 161,000 414,000 Prepare a retained earnings statement for the fiscal year ended October 31, 2019. Honey Mill Cameras Inc. Retained Earnings Statement For the Year Ended October 31, 20Y9 Retained Earnings, November 1, 20Y8 Net Income Dividends Declared Decrease in Retained Earnings Retained Earnings, October 31, 20Y9 $ 00 Feedback Check My Work What effects would net income and dividends have on the value of the stockholders? Think about a st equity and how net income and withdrawals affected the value of a single owner. Check My Work Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 21,000 shares of cumulative preferred 3% stock, $140 par, and 70,000 shares of $20 par common. During its first four years of operations, the following amounts were distributed as dividends: first year, $59,010; second year, $127,390; third year, $159,180; fourth year, $187,600. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid in a given year, leave it blank. Preferred stock (dividend per share) Common stock (dividend per share) 1st Year 2nd Year 3rd Year 4th Year