Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $ 112,000 Dividends paid in June 26,000 Common stock, June 1, 20Y9 150,000 Common stock issued in June 70,000 Retained earnings, June 1, 20Y9 1,610,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9.

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Akira

14 February, 18:46

Statement of stockholders' equity Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $ 112,000 Dividends paid in June 26,000 Common stock, June 1, 20Y9 150,000 Common stock issued in June 70,000 Retained earnings, June 1, 20Y9 1,610,000 a. Prepare a statement of stockholders' equity for the month ended June 30, 20Y9.

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Brennan · Answer 1

As for the provided information, we have,

Statement of Stockholder's Equity

Date Common Stock Retained Earnings Total

1 June $150,000 $1,610,000 $1,760,000

Stock issued $70,000 $70,000

Net income $112,000 $112,000

Dividends ($26,000) ($26,000)

30 June $220,000 $1,696,000 $1,916,000

Note: Dividend is deducted from net income.

And net income is a part of retained earnings.