Continuing Problem Chapter 1 Instruction #3 Refer to your answers from Chapter 1, Parts 1 and 2 to complete this part. Prepare a statement of stockholders' equity for PS Music for the month ended June 30, 2015. If an amount box does not require an entry, leave it blank. If a net loss is incurred or there is a decrease in retained earnings, enter that amount as a negative number using a minus sign. PS Music Statement of Stockholders' Equity For the Month Ended June 30, 2015 Common Stock Retained Earnings Total Balances, June 1, 20YS 0 0 Issued common stock 4,955 4,955 Net income 9,000 4,955 4,955 Dividends -1,750 -1,750 Balances, June 30, 2015 9,000 3,205 12,205