Stockholders' Equity (Tables)

9 Months Ended

Apr. 30, 2016

Schedule of Change in Retained Earnings

The components of the change in retained earnings are as follows:

Balance as of July 31, 2015	$	1,172,432
Net income		173,747
Dividends declared and paid		(47,227	)
Balance as of April 30, 2016	$	1,298,952