Retained earnings statement Instructions Labels and Amount Descriptions Retained Earnings Statement Instructions 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 $60,583,000 7,466,000 Cash dividends declared. Stock dividends declared 1,001,000 2,607,000 Prepare a retained earnings statement for the year ended December 31, 20Y3. Refer to the lists of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted negative numbers use a minus sign