Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows:

Net income for June..............................................$115,000

Dividends paid in June..........................................25,000

Common stock, June 1, 20Y9...............................180,000

Common stock issued in June...............................50,000

Retained earnings, June 1, 20Y9...........................1,630,000

a. Prepare a statement of stockholders’ equity for the month ended June 30, 20Y9.

b. Why is the statement of stockholders’ equity prepared before the June 30, 20Y9, balance sheet?