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 $505,900

Net income 75,900

Cash dividends declared 13,700

Stock dividends declared 25,800



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



Sumter Pumps Corporation

Retained Earnings Statement

For the Year Ended December 31, 20Y3