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Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: Retained earnings, February 1, 20Y1 $64,493,000
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2:
Retained earnings, February 1, 20Y1 | $64,493,000 |
Net income | 7,841,000 |
Cash dividends declared | 1,053,000 |
Stock dividends declared | 2,818,000 |
Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2. Refer to the lists of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtractive or negative numbers use a minus sign. The word Less is not required.
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