I'm struggling with figuring up the second part to the balances, please help me. Statement of stockholders’ equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,025,000; and Retained Earnings, $12,600,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $15 per share. Noric reported the following results for the month ended October 31: 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.
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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