Page 25 - Apple Supply Chain Co-op Inc. 2016 Annual Report.
P. 25
APPLE 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 $ 3,500 $ 1,295,558 $ 1,299,058
Redemption of common stock (200) - (200)
Patronage dividends - (2,474,109) (2,474,109)
Net earnings from 2015 - 2,393,616 2,393,616
Members’ equity at December 31, 2015 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
See accompanying notes to financial statements.
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