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PANCAKE SUPPLY CHAIN CO-OP, INC.
STATEMENTS OF MEMBERS’ EQUITY
Years ended December 31, 2016 and 2015
Common Retained
Stock Earnings Total
Members’ equity at January 1, 2015 $ 33,200 $ 1,362,056 $ 1,395,256
Issuance of common stock 1,200 - 1,200
Redemption of common stock (1,300) - (1,300)
Patronage dividends - (2,044,408) (2,044,408)
Net earnings from 2015 - 2,369,545 2,369,545
Members’ equity at December 31, 2015 33,100 1,687,193 1,720,293
Issuance of common stock 900 900
Redemption of common stock (1,600) (1,600)
Patronage dividends (2,361,788) (2,361,788)
Net earnings from 2016 2,538,800 2,538,800
Members’ equity at December 31, 2016 $ 32,400 $ 1,864,205 $ 1,896,605
See accompanying notes to financial statements.
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