Page 41 - 2019 Apple Supply Chain Co-op, Inc. Annual Report
P. 41
APPLE SUPPLY CHAIN CO-OP, INC.
STATEMENTS OF MEMBERS’ EQUITY
Years ended December 31, 2019 and 2018
Common Retained
Stock Earnings Total
Members’ equity at January 1, 2018 $ 3,600 $ 764,702 $ 768,302
Issuance of common stock 200 - 200
Redemption of common stock (100) - (100)
Patronage dividends - (1,196,285) (1,196,285)
Net earnings from 2018 - 1,497,530 1,497,530
Members’ equity at December 31, 2018 3,700 1,065,947 1,069,647
Issuance of common stock 200 - 200
Redemption of common stock (400) - (400)
Patronage dividends - (1,331,151) (1,331,151)
Net earnings from 2019 - 1,321,674 1,321,674
Members’ equity at December 31, 2019 $ 3,500 $ 1,056,470 $ 1,059,970
See accompanying notes to financial statements.
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