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Prepare a retained earnings statement for the fiscal year

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Reference no: EM133099454

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

Retained earnings, February 1, 20Y1 $561,300

Net income 73,000

Cash dividends declared 13,100

Stock dividends declared 24,800

Required - Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2.

Reference no: EM133099454

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