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What is statement of stockholders equity for month ended

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Question - Statement of stockholders' equity

Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $3,325,000; and Retained Earnings, $12,300,000. During June, Noric issued for cash 40,000 shares of common stock (with a stated value of $1) at $13 per share. Noric reported the following results for the month ended October 31:

Net income $2,450,000

Cash dividends declared 455,000

What is the 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.

Reference no: EM132535118

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