Retained earnings statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Retained earnings, January 1, 20Y3 Net income Cash dividends declared Stock dividends declared $524,800 78,700 14,200 26,800 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 Line Item Description Amount Amount

Retained earnings statement Sumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3: Retained earnings, January 1, 20Y3 Net income Cash dividends declared Stock dividends declared $524,800 78,700 14,200 26,800 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 Line Item Description Amount Amount

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Description: Retained earnings statementSumter Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended December 31, 20Y3:Retained earnings, January 1, 20Y3Net incomeCash dividends declaredStock dividends declared$5

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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