Noric Cruises Inc. began the month of October with the following balances: Common Stock, $170,000; Additional Paid-In Capital, $3,475,000; and Retained Earnings, $12,500,000. During June, Noric issued for cash 30,000 shares of common stock (with a stated value of $1) at $16 per share. Noric reported the following results for the month ended October 31:

Net income	$2,100,000
Cash dividends declared	480,000

Prepare a statement of stockholders equity for the month ended October 31. Be sure to complete the statement heading. Refer to the list of Labels and Amount Descriptions for the exact wording of text entries. 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.

Labels
For the Month Ended October 31
October 31
Amount Descriptions
Balances, October 1
Balances, October 31
Dividends
Issued common stock
Net income
Net loss