Cooper? Industries, Inc., began 2012 with retained earnings of $24,360,000. During the year it paid four quarterly dividends of $0.39 per share to 3.08 million common stockholders. Preferred? stockholders, holding 488,000 ?shares, were paid two semiannual dividends of $0.74 per share. The firm had a net profit after taxes of $5,430,000. Prepare the statement of retained earnings for the year ended December? 31, 2012.
Cooper Industries, Inc.
Statement of Retained Earnings for the Year Ended December 31, 2012
Retained earnings balance (January 1, 2012) $
Plus: Net profits after taxes (for 2012)
Less: Cash dividends (paid during 2012)
Preferred stock $
Common stock
Total dividends paid $
Retained earnings balance (December 31, 2012)
I need to fill in the the retained earnings balance, net profits after taxes, Preffered stock, common stock, and total dividends paid, and retained earnings for end 2012.