Retained Earnings Statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 2013: Retained earnings, January 1, 2043 $424,700 Net Income 51,000 Cash dividends declared Stock dividends declared 9,200 17,300 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 Retained earnings, January 1, 2013 124.700 Net Income 51.000 Dividends Change in retained earnings Retained earnings, December 31, 2013