Noric Cruises Inc. reported the following results for the year ended October 31:

Retained earnings, October 1	$12,400,000
Net income	2,350,000
Cash dividends declared	175,000
Stock dividends declared	300,000

Prepare a retained earnings statement for the month ended October 31. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign.