Big Bluestem Inc. reported the following results for the year ending April 30:

Retained earnings, May 1	$3,750,000
Net income	720,000
Cash dividends declared	80,000
Stock dividends declared	220,000

	Required:
	Prepare a retained earnings statement for the fiscal year ended April 30. Be sure to complete the statement heading. Refer to the lists of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. Less or Plus will automatically appear if it is required.

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Labels and Amount Descriptions

Labels
For the Year Ended April 30
Amount Descriptions
Decrease in retained earnings
Dividends declared
Increase in retained earnings
Net income
Net loss
Retained earnings, April 30
Retained earnings, May 1

Big Bluestem Inc.

Retained Earnings Statement

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