At the beginning of the year $($January $1),$ Smith Company had $$8,900$ of common stock and retained earnings of $$2,500.$ During the year, the company reported net income of $$3,420$ and paid dividends of $$580.$ In addition, the company issued additional common stock during the year for $$7,400.$

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 $1],[,,,],[5,,,],[,,,],[$Balance at December $31,$$$,$$$,$$