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Prepare a retained earnings statement for the fiscal year

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Reference no: EM132936374

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

Retained earnings, February 1, 20Y1 $462,400

Net income64,700

Cash dividends declared11,600

Stock dividends declared22,000

Problem 1: Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2.

Reference no: EM132936374

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