Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as...

 

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Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $115,000 Dividends paid in June 26,000 Common stock, June 1, 20Y9 190,000 Common stock issued in June 40,000 Retained earnings, June 1, 20Y9 1,570,000 Required: a. Prepare a statement of stockholders' equity for the month ended June 30, 2019. b. Why is the statement of stockholders' equity prepared before the June 30, 20Y9, balance sheet? Financial information related to Organic Products Company for the month ended June 30, 20Y9, is as follows: Net income for June $115,000 Dividends paid in June 26,000 Common stock, June 1, 20Y9 190,000 Common stock issued in June 40,000 Retained earnings, June 1, 20Y9 1,570,000 Required: a. Prepare a statement of stockholders' equity for the month ended June 30, 2019. b. Why is the statement of stockholders' equity prepared before the June 30, 20Y9, balance sheet?