Question: 4. The cooperative operates its plan according to a five-year base period. Suppose the board of directors has determined that the cooperative must have

4. The cooperative operates its plan according to a five-year base period.

4. The cooperative operates its plan according to a five-year base period. Suppose the board of directors has determined that the cooperative must have an additional $300 of equity capital to meet its financial requirements during the next year. The balance of each member's equity account is shown in column 2 of the table. Patronage attributable to each member during the five-year base period is shown in column 3. MEMBER Beginning Patronage during A B C Equity last five years 1000 180 3000 300 3500 120 7500 600 Required: Calculate The adjustment to be made in each member's equity account!

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