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Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $ 1 5 0 , 0 0

Statement of stockholders' equity
Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital,
$3,225,000; and Retained Earnings, $12,400,000. During June, Noric issued for cash 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 :
Net income
$2,350,000
Cash dividends declared
475,000
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
Common
Stock
$
$
Additional
Paid-In
Capital
Retained
Earnings
Total
$
$
$
$
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