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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 $58,297,000

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

Retained earnings, February 1, 20Y1 $58,297,000
Net income 7,598,000
Cash dividends declared 928,000
Stock dividends declared 2,544,000

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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Sumter Pumps Corporation Retained Earnings Statement (Label) 1 2 5

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