Statement of stockholders equity

Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $3,425,000; and Retained Earnings, $12,000,000. During October, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $17 per share. Noric reported the following results for the month ended October 31:

Line Item Description	Amount
Net income	$2,250,000
Cash dividends declared	460,000

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

Line Item Description	Common Stock	Additional Paid-In Capital	Retained Earnings	Total
Balances, October 1Balances, October 31CashNet Income
Balances, October 1Balances, October 31CashIssued Common Stock
Balances, October 1Balances, October 31CashNet Income
Balances, October 1Balances, October 31CashDividends
Balances, October 1Balances, October 31DividendsNet Income