Zippy Zap Cameras Inc. reported the following results for the year ending October 31, 20Y9:

Retained earnings, November 1, 20Y8	$1,492,000
Net income	417,800
Cash dividends declared	49,000
Stock dividends declared	126,000

Prepare a retained earnings statement for the fiscal year ended October 31, 20Y9.

Zippy Zap Cameras Inc.

Retained Earnings Statement

For the Year Ended October 31, 20Y9

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