Retained Earnings Statement

Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2:

Retained earnings, February 1, 20Y1	$643,200
Net income	83,600
Cash dividends declared	15,000
Stock dividends declared	28,400

Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2.

Sumter Pumps Corporation
Retained Earnings Statement
For the Year Ended January 31, 20Y2