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APPLE SUPPLY CHAIN CO-OP, INC.
STATEMENTS OF MEMBERS’ EQUITY
Years ended December 31, 2015 and 2014
Common Retained
Stock Earnings Total
Members’ equity at January 1, 2014 $ 3,800 $ 1,566,882 $ 1,570,682
Redemption of common stock (300) - (300)
Patronage dividends - (2,267,632) (2,267,632)
Net earnings from 2014 - 1,996,308 1,996,308
Members’ equity at December 31, 2014 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
See accompanying notes to financial statements.
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