Stockholders' equity totaled $41,000 at the beginning of the year.During the year, net income was $6,000, dividends of $1,500 were declared and paid, and $5,000 of common stock was issued at par value.
Required:
Calculate total stockholders' equity at the end of the year.

Question

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The Answer of Stockholders' equity totaled $41,000 at the beginning of the year.During the year, net income was $6,000, dividends of $1,500 were declared and paid, and $5,000 of common stock was issued at par value.
Required:
Calculate total stockholders' equity at the end of the year.

Stockholders' Equity Totaled $41,000 at the Beginning of the Year