At the beginning of the year $($January $1),$ Smith Company had $$16,000$ of common stock and retained earnings of $$3,200.$ During the year, the company reported net income of $$3,220$ and paid dividends of $$2,640.$ In addition, the company issued additional common stock during the year for $$6,000.$

Prepare the statement of stockholders' equity for the year ended December $31.$

$\backslash$table$[[$SMITH COMPANY$],[$Statement of Stockholders' Equity,,,$],[$For the year ended December $31,,,],[,\backslash$table$[[$Common$],[$Stock$]],\backslash$table$[[$Retained$],[$Earnings$]],\backslash$table$[[$Total$],[$Stockholders$\text{'}],[$Equity$]]],[$Balance at January $1,,,],[,,,],[$Balance at December $31,,,]]$