I'm struggling with figuring up the second part to the balances, please help me.
Statement of
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,025,000; and
Net income | $2,200,000 |
Cash dividends declared | 465,000 |
Prepare a statement of stockholders’ equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank.
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