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Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: Retained earnings, February 1, 20Y1 $610,000

Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: Retained earnings, February 1, 20Y1 $610,000 Net income 91,500 Cash dividends declared 16,500 Stock dividends declared 31,100 Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2.

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