Noric Cruises Inc. began the month of October with the following balances: Common Stock, $$150,000$; Additional Paid$-$In Capital, $$3,275,000$; and Retained Earnings, $$12,000,000.$ During October, Noric issued for cash $50,000$ shares of common stock $($with a stated value of $$1)$ at $$17$ per share. Noric reported the following results for the month ended October $31$:

Line Item Description Amount

Net income $$2,400,000$

Cash dividends declared $450,000$

Prepare a statement of stockholders$$ equity for the month ended October $31.$ 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. If an amount box does not require an entry, leave it blank.

Noric Cruises Inc.

Statement of Stockholders' Equity

For the Month Ended October $31$

Line Item Description

Common

Stock Additional

Paid$-$In

Capital

Retained

Earnings

Total

Balances, October $1$

$Balances, October $1$

$Balances, October $1$

$Balances, October $1$

Balances, October $1$

Issued Common Stock

Issued Common Stock

Issued Common Stock

Issued Common Stock

Issued Common Stock

Net Income

Net Income

Net Income

Net Income

Net Income

Dividends

Dividends

Dividends

Dividends

Dividends

Balances, October $31$

$Balances, October $31$

Balances, October $31$

Balances, October $31$

Balances, October $31$