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

Retained earnings, February 1, 20Y1	$632,900
Net income	82,300
Cash dividends declared	14,800
Stock dividends declared	28,000

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

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CashNet IncomeRetained Earnings, February 1, 20Y1Retained Earnings, January 31, 20Y2		$- Select -