Seismic Inc. reported the following results for the year ended June 30, 20Y5:

Retained earnings, July 1, 20Y4	$3,799,000
Net income	704,900
Cash dividends declared	101,900
Stock dividends declared	49,300

Required:

Prepare a retained earnings statement for the fiscal year ended June 30, 20Y5. 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. A decrease to retained earnings should be entered as a negative amount.

Accounts, Labels, and Amount Descriptions

Accounts
Accounts Payable
Accounts Receivable
Cash
Common stock
Dividends declared
Treasury Stock
Labels
For the Year Ended June 30, 20Y5
June 30, 20Y5
Amount Descriptions
Decrease in retained earnings
Increase in retained earnings
Issuance of additional common stock
Net income
Net loss
Purchase of treasury stock
Retained earnings, July 1, 20Y4
Retained earnings, June 30, 20Y5

Retained Earnings Statement

Prepare a retained earnings statement for the fiscal year ended June 30, 20Y5. 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. A decrease to retained earnings should be entered as a negative amount.

Seismic Inc.

Retained Earnings Statement

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