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Retained earnings statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Line Item Description
Retained earnings statement
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3:
| Line Item Description | Amount |
|---|---|
| Retained earnings, January 1, 20Y3 | $469,900 |
| Net income | 56,400 |
| Cash dividends declared | 10,200 |
| Stock dividends declared | 19,200 |
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
| Line Item Description | Amount | Amount |
|---|---|---|
| CashChange in retained earningsNet IncomeRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3 | $- Select - | |
| CashChange in retained earningsNet IncomeRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3 | $- Select - | |
| CashChange in retained earningsDividendsRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3 | - Select - | |
| CashChange in retained earningsNet IncomeRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3 | - Select - | |
| CashDividendsNet IncomeRetained earnings, December 31, 20Y3Retained earnings, January 1, 20Y3 | $- Select - |
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