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, 2016. You determine the following balances:

Cash.. $7,500	Accumulated depreciation$(14,000)
Retained earnings, Jan 1, 2016. 15,000	Net Income35,000
Intangible assets 25,000	Stockholders equity..Jan 1. 2016 65,000
Common Stock 50,000	Retained earnings, Dec. 31, 2016 37,000
Accounts Payable. 4,000	Stockholders Equity.. Dec 31, 2016 87,000
Dividend Paid 13,000

Prepare a statement of stockholders' equity for Likert & Co. as of Dec. 31, 2016