tries, Inc., began 2019 with retained earnings of $24.28 million. During the year it paid four quarterly 50.31 per share to 3.12 million common stockholders. Preferred stockholders, holding 475,000 shares, O semiannual dividends of $0.75 per share. The firm had a net profit after taxes of $5.36 million. Prepare of retained earnings for the year ended December 31, 2019. = statement of retained earnings below: (Round to the nearest dollar.) Cooper Industries, Inc. Statement of Retained Earnings for the Year Ended December 31, 2019 d earnings balance (January 1, 2019) et profits after taxes (for 2019) ash dividends (paid during 2019) referred stock Common stock dividends paid d earnings balance (December 31, 2019) S SA A

tries, Inc., began 2019 with retained earnings of $24.28 million. During the year it paid four quarterly 0.31 per share to 3.12 million common stockholders. Preferred stockholders, holding 475,000 shares, semiannual dividends of $0.75 per share. The firm had a net profit after taxes of $5.36 million. Prepare of retained earnings for the year ended December 31, 2019. statement of retained earnings below: (Round to the nearest dollar.)