Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Retained earnings, January 1, 20Y3 Net income Cash dividends declared $664,500 73,100 13,200 24,900 Stock dividends declared Prepare a retained earnings statement for the year ended December 31, 2013. Sumter Pumps Corporation Retained Earnings Statement For the Year Ended December 31, 20Y3 Line Item Description Retained earnings, January 1, 2013 Net Income Dividends Change in retained earnings Retained earnings, December 31, 2013 Amount Amount