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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

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

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