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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 $347,900

Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2:

Retained earnings, February 1, 20Y1 $347,900
Net income 41,700
Cash dividends declared 7,500
Stock dividends declared 14,200

Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2.

CashNet IncomeNet LossRetained Earnings, February 1, 20Y1Retained Earnings, January 31, 20Y2 $- Select -
CashNet IncomeNet LossRetained Earnings, February 1, 20Y1Retained Earnings, January 31, 20Y2 $- Select -
CashDividends DeclaredNet LossRetained Earnings, February 1, 20Y1Retained Earnings, January 31, 20Y2 - Select -
CashDecrease in Retained EarningsIncrease in Retained EarningsNet IncomeNet Loss - Select -
CashDividends DeclaredNet IncomeRetained Earnings, February 1, 20Y1Retained Earnings, January 31, 20Y2 $- Select -

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