Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $130,000; Additional Paid-In Capital, $3,450,000; and Retained Earnings, $12,800,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $15 per share. Noric reported the following results for the month ended October 31: Net income $2,000,000 495,000 Cash dividends declared 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 Paid-Ir Common Retained Stock Earnings Total Balances, October 1 3,450,000V $12,800,000 130.000 16,380,000 IsSued Common Stock 800.000 X 50,000 750,000 Net Income 2,000,000 2,000,000 Dividends -495,000 495,000 14,305,000 18,685,000 X Balances, October 31 2,700,000X 180,000