Statement of stockholders’ equity Obj. 6 Rockwell Inc. began the month of June with the following balances: Common Stock, $50,000;

Additional Paid-In Capital, $2,000,000; and Retained Earnings, $3,900,000. During June, Rockwell issued for cash 10,000 shares of common stock (with a stated value of $1) at $10 per share.

Rockwell reported the following results for the month ended June 30:

Net income $714,000 Cash dividends declared 150,000 Prepare a statement of stockholders’ equity for the month ended June 30.

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