eBook Retained earnings statement Instructions Print Item Accounts, Labels and Amount Descriptions Retained Earnings Statement Instructions Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: Retained earnings, February 1, 20Y1 Net income Cash dividends declared Stock dividends declared $58,297,000 7,598,000 928,000 2,544,000 Required: Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2. Be sure to complete the statement heading. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. A decrease to retained earnings should be entered as a negative amount.