Question 5 of 10 Shareholders' equity < Share capital $10 preferred shares, cumulative 10,000 shares authorized, 4100 shares issued Common shares, > 600,000 shares authorized, 10100 shares issued Total share capital Retained earnings Total shareholders' equity O $482800. O $443800. O $544000. O $504000. Q Search $1980000 r 290000 2270000 Assume that on June 15, 2024, Crane paid the preferred dividend for the current year (there were no dividends in arrears) and paid a dividend of $2 to each common shareholder. The company earned $40000 in profit during 2024. The July 31, 2024, financial statements will show an ending balance in retained earnings of 504000 $2774000 1