Statement of stockholders$$ equity

Financial information related to Organic Products Company for the month ended June $30,20$Y$9,$ is as follows:

Net income for June $ $111,000$

Dividends paid in June $25,000$

Common stock, June $1,20$Y$9180,000$

Common stock issued in June $40,000$

Retained earnings, June $1,20$Y$91,590,000$

Question Content Area

a$.$ Prepare a statement of stockholders$$ equity for the month ended June $30,20$Y$9.$

Organic Products Company

Statement of Stockholders$$ Equity

For the Month Ended June $30,20$Y$9$

blank Common Stock Retained Earnings Total

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Question Content Area

b$.$ Why is the statement of stockholders$$ equity prepared before the June $30,20$Y$9,$ balance sheet?

The statement of stockholders$$ equity is prepared before the June $30,20$Y$9,$ balance sheet because

as of June $30,20$Y$9,$ are needed for the June $30,20$Y$9,$ balance sheet.