Statement of stockholders' equity $50,000$ shares of common stock $($with a stated value of $$1)$ at $$16$ per share. Noric reported the following results for the month ended October $31$ :

$\backslash$table$[[$Net income,$$2,350,000],[$Cash dividends declared,$475,000]]$

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Noric Cruises Inc.

Statement of Stockholders' Equity

For the Month Ended October $31$