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, 2013 $59,650,000 8,160,000 Net income Cash dividends declared 1,000,000 Stock dividends declared 2,600,000 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 Retained Earnings, January 1, 2013 Net Income Dividends Change in retained earnings Retained Earnings December 31, 2013 Check My W 00