Cooper Industries, Inc began 2

Cooper Industries, Inc began 2015 with retained earnings of $24 84 million During the year it paid four quarterly dividends of $0.32 per Share to 3 14 milion common stockholders. Preferred stockholders, holding 515,000 shares were paid two semiannual dividends of 50 75 per share. The firm had a net prolt after of $4 63 million. Prepare the statement of retained earnings for the year ended December 31, 2015 Complete the statement of retained earnings below (Round to the nearest dollar) Cooper Industries, Inc. Statement of Retained Earnings for the Year Ended December 31, 2015 Retained oamings balance (January 1 2015) $ Plus Net profits after taxes (for 2015) Less: Cash dividends (paid during 2015) Preferred stock Common stock 5 Total dividends paid s Retained eamings balance

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