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Cooper Industries Inc began 2015 with retained earnings of $24 71 million During the year it paid four quarterly dividends of $0 31 per share to 2.84 million common stockholders

Cooper Industries. Inc., began 2015 with retained earnings of $24.71 million. During the year it paid four quarterly dividends of $0.31 per share to 2.84 million common stockholders. Preferred stockholders, holding 510,000 shares, were paid two semiannual dividends of $0.71 per share. The firm had a net profit after taxes of $5.39 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.)
 

Apr 10 2020 View more View Less

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