E$47$B$.$ You have been asked to assist with preparing a statement of stockholders$$ equity for Pal Company for the year ended December $31,$ Year $2.$ You determine the following balances:

Common Stock on December $31,$ Year $1$: $$47,000$

Retained Earnings on December $31,$ Year $1$: $$19,500$

Net Income during Year $2$: $$23,400$

Dividends during Year $2$: $$7,800$

Issuance of common stock in Year $2$: $$5,000$

Required: Prepared a statement of stockholders$$ equity for Pal Company for Year $2.$