Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June 30, 2099, is as follows: $ 115,000 Net income for June Dividends paid in June Common stock, June 1, 2049 Common stock issued in June Retained earnings, June 1, 2019 25,000 180,000 50,000 1,630,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 2049. Organic Products Company Statement of Stockholders' Equity For the Month Ended June 30, 2019 Common Stock Retained Earnings Total Balances, June 1, 2049 $ 180,000 $ 1,630,000 $ 1,810,000 Issued common stock 50,000 25,000 X Net income 25,000 X 115,000 Dividends 25,000 X 1 25,000 Balances, June 30, 2019 Feedback Check My Work Partially correct b. Why is the statement of stockholders' equity prepared before the June 30, 20Y9, balance sheet? The statement of stockholders' equity is prepared before the June 30, 2019, balance sheet because common stock and retained earnings as of June 30, 2089, are needed for the June 30, 2089, balance sheet. Feedback Check My Work Check My Work