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eBook Show Me How Retained eamings statement Sumter Pumps Corporation, a manufacturer of industrial...

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Retained eamings statement
Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31,20 Y3:
Retained earnings, January 1,20Y3
$436,200
Net income
48,000
Cash dividends declared
8,600
Stock dividends declared
16,300
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
Line Item Description Amount Amount
$
$
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