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Honey Mill Cameras Inc. reported the following results for the year ending October 31, 20Y9: Retained earnings, November 1, 20Y8 $1,937,000 Net income. $716,700 Cash

Honey Mill Cameras Inc. reported the following results for the year ending October 31, 20Y9:

Retained earnings, November 1, 20Y8 $1,937,000

Net income. $716,700

Cash dividends declared $62,000

Stock dividends declared. $160,000

Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.

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