(Answered) Question - retained earnings statementatlas pumps

Accounting

Question - Retained Earnings Statement

Atlas Pumps Corporation, a manufacturer of industrial pumps, reports the following results for the year ended January 31, 2014:

Retained earnings, February 1, 2013 - $48,110,000

Net income - 9,330,000

Cash dividends declared - 2,000,000

Stuck dividends declared - 400,000

Required - Prepare a retained earnings statement for the fiscal year ended January 31, 2014.

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