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PANCAKE SUPPLY CHAIN CO-OP, INC.
STATEMENTS OF MEMBERS’ EQUITY
Years ended December 31, 2018 and 2017
Common Retained
Stock Earnings Total
Members’ equity at January 1, 2017 $ 32,400 $ 1,864,205 $ 1,896,605
Issuance of common stock 600 - 600
Redemption of common stock (1,400) - (1,400)
Patronage dividends - (2,397,971) (2,397,971)
Net earnings from 2017 - 1,922,597 1,922,597
Members’ equity at December 31, 2017 31,600 1,388,831 1,420,431
Issuance of common stock 900 - 900
Redemption of common stock (1,700) - (1,700)
Patronage dividends - (1,762,171) (1,762,171)
Net earnings from 2018 - 1,109,610 1,109,610
Members’ equity at December 31, 2018 $ 30,800 $ 736,270 $ 767,070
See accompanying notes to financial statements.
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