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$

$475,000$

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 $31$