is this a minus for the dividends, or just "3,600,000"

Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 2043: Retained earnings, January 1, 2043 $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, 2013. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended December 31, 2043 Retained Earnings, January 1, 2013 59,650,000 Net Income 8,160,000 Dividends -3,600,000 Change in retained earnings 4,560,000 Retained Earnings, December 31, 20Y3 64,210,000