Could someone help me to solve this problem? Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of stockholders' equity for Maxx Company for the year ended December $31,$ Year $2.$ You determine the following balances:

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$\backslash$hline Common Stock at December $31,$ Year $1$ & $\backslash (\backslash$$ $5,000\backslash )\backslash \backslash$

$\backslash$hline Retained Earnings at December $31,$ Year $1$ & $7,500\backslash \backslash$

$\backslash$hline Net Income during Year $2$ & $2,500\backslash \backslash$

$\backslash$hline Dividends during Year $2$ & $250\backslash \backslash$

$\backslash$hline Issuance of Common Stock during Year $2$ & $400\backslash \backslash$

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Required

Prepare a statement of stockholders' equity for Maxx Company for Year $2.$

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MAXX COMPANY $\backslash \backslash$

For the Year Ended December $31,$ Year $2$

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$\backslash$hline & CommonStock & RetainedEarnings & Total Stockholders'Equity $\backslash \backslash$

$\backslash$hline Balance at December $31,$ Year $1$ & $\backslash (\backslash$$ $\backslash )$ & $\backslash (\backslash$$ $\backslash )$ & $\backslash (\backslash$$ $\backslash )\backslash \backslash$

$\backslash$hline Issuance of Common Stock & & & $\backslash \backslash$

$\backslash$hline Net Income & & & $\backslash \backslash$

$\backslash$hline Dividends Paid$($Enter as negative$)$ & & $\backslash (\backslash$$ $\backslash )$ & $\backslash \backslash$

$\backslash$hline Balance at December $31,$ Year $2$ & $\backslash (\backslash$$ $\backslash )$ & $\backslash (\backslash$$ $\backslash )$ & $\backslash \backslash$

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