Retained Earnings Statement

Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3:

Retained earnings, January 1, 20Y3	$459,300
Net income	55,100
Cash dividends declared	9,900
Stock dividends declared	18,700

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

CashNet IncomeRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3		$- Select -
CashNet IncomeRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3	$- Select -
CashDividendsRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3	- Select -
Change in retained earningsNet IncomeRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3		- Select -
CashNet IncomeRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3		$- Select -