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

Retained earnings, July 1, 2015	$3,885,000
Net income	720,400
Cash dividends declared	99,500
Stock dividends declared	49,500

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.

Accounts, Labels, and Amount Descriptions

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For the Year Ended June 30, 2016
June 30, 2016
Accounts and Amount Descriptions
Decrease in retained earnings
Dividends
Increase in retained earnings
Issuance of additional common stock
Net income
Net loss
Purchase of treasury stock
Retained earnings, July 1, 2015
Retained earnings, June 30, 2016

Retained Earnings Statement

Prepare a retained earnings statement for the fiscal year ended June 30, 2016. Be sure to complete the statement heading. 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.

ROCKWELL INC.

Retained Earnings Statement

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