The records of Max Company show the following at December 31, 2016: (cick the ion to view the data.) Requirements 1. Compute the missing amount for Max Company You will need to determine Retained Eamings, December 31,2016, and total stockholders equity 2 Did Max earn a net ncome orster a net loss forthe year? Compte te amount Requirement 1Compute te missng amount for Max Company. You wa reed to determne Retained Eamings, December 31,2016, and total sockholders, eery Begin by determining sotal stockholders' equity. Rework the aocounting equation and then solve for stockholders' equity Cequity) at the beginning and end or the penod Equity Beginning Ending Identify the formula and then solive for the netained earmings balance at the end of the period Ending retained eamings Ering retained rigs Rearrange the formula to compute the change in retained eamings and then solve for the missing expense amount for Max Company. (Abbreviations used: Beg. retained eamings Beginning retained eamings; End. retained eanings Ending retained eamings.) Expenses Choose from any list or enter any number in the input fields and then continue to the next