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Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year Retained earnings, January 1, 2043 Net income

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Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year Retained earnings, January 1, 2043 Net income Cash dividends declared Stock dividends declared $59,650,000 8,160,000 1,000,000 2,600,000 Prepare a retained earnings statement for the year ended December 31, 20Y3. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended December 31, 20Y3

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