The following data is related to Cold Brook Resources Ltd.: 20X9 20X8 Preferred shares, no-par $ 2,000,000 $ 3,000,000 Common shares, no-par 45,000,000 36,000,000 Preferred shares subscribed 4,000,000 0 Common share fractional rights 0 574,000 Contributed capital on lapse of rights 114,800 0 Contributed capital on preferred share retirement 122,000 0 Retained earnings 8,005,000 5,940,000 Subscriptions receivable, preferred shares (700,000) 0 During the year, the following transactions took place: Earnings were $2,600,000. Cash dividends were paid. The common share fractional rights converted into common shares (80%) and the remainder (20%) lapsed. Common shares plus $2 million cash were issued to acquire a patent that was valued at $6,500,000. Contracts were signed to issue preferred shares with a total consideration of $4,000,000. The prospective shareholders paid $3,300,000 and will pay the balance within 12 months. Preferred shares were retired for cash. Additional common shares were issued for cash. Retained earnings was reduced by $200,300 as the result of share issue costs. Required: Show the retained earnings T-account, beginning with the opening balance and going to the closing balance. Label all items that caused the change in the account. Prepare the investing and financing sections of the SCF, in as much detail as possible with the information given. Dividends paid are included in financing activities.