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. Rockwell Inc. reported the following results for the year ended June 30, 2016: Retained earnings, July 1, 2015 $3,900,000 Net income 714,000 Cash dividends

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Rockwell Inc. reported the following results for the year ended June 30, 2016:

Retained earnings, July 1, 2015 $3,900,000
Net income 714,000
Cash dividends declared 100,000
Stock dividends declared 50,000

Prepare a retained earnings statement for the fiscal year ended June 30, 2016. Refer to the lists of Accounts, Labels, and Amount Descriptions provided for the exact wording of the answer choices for text entries. Enter all amounts as positive numbers. The word Less is not required.

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