Question: Have not submitted it yet. May be correct Statement of Stockholders' Equity You have been asked to assist with the preparation of a statement of

Have not submitted it yet. May be correct Statement of Stockholders' EquityHave not submitted it yet. May be correct

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, 2013. You determine the following balances: Common Stock at December 31, 2012 $5,900 Retained Earnings at December 31, 2012 8.400 Net Income during 2013 3,400 Dividends during 2013 1,150 Issuance of Common Stock during 2013 1,300 Required Prepare a statement of stockholders' equity for Maxx Company for 2013. MAXX COMPANY Statement of Stockholders' Equity For the Year Ended December 31, 2013 CommonStock RetainedEarnings Total Stockholders'Equity Balance at December 31, 2012 $ 5900 $ 8400 $ 14300 Issuance of Common Stock 1300 1,300 Net Income 3400 3,400 Dividends Paid(Enter as negative) -1150 (1,150) Balance at December 31, 2013 10650 $ 17,850 0 0 0 $ 7000 $

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