Part (c): Retained Earnings Net Income BERGER PAINTS For the Year Ended December 31, 2019 1 2 per share for 2019 dividend on 10,000 shares of preferred stock outstanding. 2 per share for 2018 dividend on 10,000 shares of preferred stock outstanding. 1 per share for 2019 dividend on 100,000 shares of common stock outstanding. Required: Prepare a statement of retained earnings for 2019. (05) 1,000,000 460,000