Noric Cruises Inc. began the month of October with the following balances Common Stock, S150,000, Additional Paid-In Capital, $3,225,000; and Retained Earnings, $12,400,000. During June, Noric issued for cash 50,000 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 Cash dividends declared $2,350,000 475,000 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 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 Noric Cruises Inc. Score: 79/93 Statement of Stockholders' Equity For the Month Ended October 31 Common Stock Total Additional Paid- In Capital $3,225,000.00 750,000.00 Retained Earnings $12,400,000.00 2 Balances, October 1 $150,000.00 50,000.00 Issued common stock + Net income $15,775,000.00 800,000.00 2,350,000.00 475,000.00 $19,400,000.00 2,350,000.00 475,000.00 $15,225,000.00 5 Dividends Balances, October 31 $200,000.00 $3.975,000.00