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Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Line Item Description Amount Retained earnings,

Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3:

Line Item Description Amount
Retained earnings, January 1, 20Y3 $668,700
Net income 100,300
Cash dividends declared 18,100
Stock dividends declared 34,100

Prepare a retained earnings statement for the year ended December 31, 20Y3.

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