Page 173 - Tom Finocchiaro - RPI Apple Onboarding
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APPLE SUPPLY CHAIN CO-OP, INC.
STATEMENTS OF MEMBERS’ EQUITY
Years ended December 31, 2017 and 2016
Common Retained
Stock Earnings Total
Members’ equity at January 1, 2016 $ 3,300 $ 1,215,065 $ 1,218,365
Issuance of common stock 200 - 200
Patronage dividends - (2,468,401) (2,468,401)
Net earnings from 2016 - 2,506,380 2,506,380
Members’ equity at December 31, 2016 3,500 1,253,044 1,256,544
Issuance of common stock 200 - 200
Redemption of common stock (100) - (100)
Patronage dividends - (1,999,163) (1,999,163)
Net earnings from 2017 - 1,510,821 1,510,821
Members’ equity at December 31, 2017 $ 3,600 $ 764,702 $ 768,302
See accompanying notes to financial statements.
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