=+EX 13-16 Stockholders’ Equity section of balance sheet obj. 6

✔ Total stockholders’

equity, $5,985,000 Chapter 13 Corporations: Organization, Stock Transactions, and Dividends 605 Bancroft Corporation, a manufacturer of industrial pumps, reports the following results for the year ending January 31, 2010:

Retained earnings, February 1, 2009 . . . . . . . . . . . . . . . . . . . . . . $3,175,500 Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 415,000 Cash dividends declared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 75,500 Stock dividends declared . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 140,000