LG$1$

E$3-3$ Cooper Industries Inc. began the year with retained earnings of $$25\mathrm{.}32$ million. During the year, it paid four quarterly dividends of $$0\mathrm{.}35$ per share to $2\mathrm{.}75$ million common stockholders. Preferred stockholders, holding $500,000$ shares, received two semiannual dividends of $$0\mathrm{.}75$ per share. The firm had a net profit after taxes of $$5\mathrm{.}15$ million. Prepare the statement of retained earnings as of the end of the year.