eBook Show Me HowPrint Item Question Content Area Retained earnings statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Line Item Description Amount Retained earnings, January 1, 20Y3 $59,650,000 Net income 8,160,000 Cash dividends declared 1,000,000 Stock dividends declared 2,600,000 Prepare a retained earnings statement for the year ended December 31, 20Y3.

"Stockholders' Equity" section of balance sheet

The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year:

Line Item Description	Amount
Common Stock, $45 par	$3,060,000
Paid-In Capital from Sale of Treasury Stock	115,000
Paid-In Capital in Excess of ParCommon Stock	272,000
Retained Earnings	20,553,000
Treasury Stock	324,000

Prepare the "Stockholders Equity" section of the balance sheet as of June 30. Regarding the common stock, 80,000 shares are authorized, and 9,000 shares have been reacquired.