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Statement of stockholders equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,400,000; and Retained

Statement of stockholders equity

Noric Cruises Inc. began the month of October with the following balances: Common Stock, $120,000; Additional Paid-In Capital, $3,400,000; and Retained Earnings, $12,000,000. During June, Noric issued for cash 60,000 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:

Net income $2,100,000
Cash dividends declared 470,000

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
Balances, October 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 fill in the blank 5
Issued Common Stock fill in the blank 7 fill in the blank 8 fill in the blank 9 fill in the blank 10
Net Income fill in the blank 12 fill in the blank 13 fill in the blank 14 fill in the blank 15
Dividends fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20
Balances, October 31 $fill in the blank 22 fill in the blank 23 fill in the blank 24 fill in the blank 25

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