inc. began operations on October 1,2011 . During October, Nigiri sold ordinary shares for $ ¥ 220,000,000 $, earned net income of $ ¥ 32,000,000 $, and paid dividends of $ ¥ 989,000 $. Equity at the end of October is

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Equity at the end of October is calculated as the initial equity from selling shares plus net income minus dividends: $ ¥ 220,000,000 + ¥ 32,000,000 - ¥ 989,000 = ¥ 251,011,000 $.

Inc Began Operations on October 1,2011 ¥220,000,000 ¥ 220,000,000 ¥220,000,000 , Earned Net Income Of

Inc Began Operations on October 1,2011 $¥ 220,000,000$ , Earned Net Income Of