Retained Earings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 2013: Retained earnings, January 1, 2083 $541,300 Net income 70,400 Cash dividends dedared 12,700 Stock dividends declared 23,900 Prepare a retained earnings statement for the year ended December 31, 2013. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended December 31, 2013