Sheridan Corporation has the following shareholders equity on July 31, 2020: Shareholders' equity Share capital $10 preferred shares, cumulative 10,000 shares authorized, 5800 shares issued $2090000 Common shares, 600,000 shares authorized, 9600 shares issued 295000 Total share capital 2385000 Retained earnings 509000 Total shareholders' equity $2894000 Assume that on June 15, 2021, Sheridan 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 $46000 in profit during 2021. The July 31, 2021 financial statements will show an ending balance in retained earnings of O $555000. O $509000. O $443800. O $477800