Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $160,000; Additional Paid-In Capital, $3,225,000; and Retained Earnings, $12,000,000. During October, Noric issued for cash 40,000 shares of common stock (with a stated value of $1) at $16 per share. Noric reported the following results for the month ended October 31:1 Net income Cash dividends declared $2,150,000 455,000 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 Additional Line Item Description Common Stock. Paid-In Capital Retained Earnings Total Next