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Retained Earnings Statement Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: Retained earnings, February 1, 20Y1 $650,200 Net income 71,500 Cash dividends declared 12,900 Stock dividends declared 24,300 Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2. Pressure Pumps CorporationRetained Earnings StatementFor the Year Ended January 31, 20Y2     $Retained Earnings, February 1, 20Y1   $Net Income     Dividends Declared       Increase in Retained Earnings     $Retained Earnings, January 31, 20Y2

Retained Earnings Statement Pressure Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 20Y2: Retained earnings, February 1, 20Y1 $650,200 Net income 71,500 Cash dividends declared 12,900 Stock dividends declared 24,300 Prepare a retained earnings statement for the fiscal year ended January 31, 20Y2. Pressure Pumps CorporationRetained Earnings StatementFor the Year Ended January 31, 20Y2     $Retained Earnings, February 1, 20Y1   $Net Income     Dividends Declared       Increase in Retained Earnings     $Retained Earnings, January 31, 20Y2

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Retained Earnings Statement

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

Retained earnings, February 1, 20Y1 $650,200
Net income 71,500
Cash dividends declared 12,900
Stock dividends declared 24,300

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

Pressure Pumps CorporationRetained Earnings StatementFor the Year Ended January 31, 20Y2

 
   $Retained Earnings, February 1, 20Y1
 
 $Net Income  
 
 Dividends Declared  
 
   Increase in Retained Earnings
 
   $Retained Earnings, January 31, 20Y2
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