Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,375,000; and Retained Earnings, $12,700,000. During October, Noric issued for cash 40,000 shares of common stock (with a stated value of $1) at $14 per share. Noric reported the following results for the month ended October 31:

Net income	$2,350,000
Cash dividends declared	450,000

Prepare a statement of stockholders equity for the month ended October 31.