Question 10

Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 2016:

Retained earnings, February 1, 2015	$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 fiscal year ended January 31, 2016. Refer to the lists of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. The word Less is not required.

SUMTER PUMPS CORPORATION

Retained Earnings Statement

1
2
3
4
5