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Dry Creek Cameras Inc. reported the following results for the month ending October 31: Retained earnings, October 1 $1,201,000 Net income 492,400 Cash dividends declared

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Dry Creek Cameras Inc. reported the following results for the month ending October 31: Retained earnings, October 1 $1,201,000 Net income 492,400 Cash dividends declared 37,000 Stock dividends declared 96,000 Prepare a retained earnings statement for the fiscal year ended October 31. Dry Creek Cameras Inc. Retained Earnings Statement For the Month Ended October 31 8

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