Bateman Company reported total shareholders' equity of $58,000 on its statement of financial position dated December 31, 20B. During 20B, it reported a profit of $4,000, declared and paid a cash dividend of $2,000, and issued additional shares of $20,000. What was total shareholders' equity at January 1, 20B?

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The Answer of Bateman Company reported total shareholders' equity of $58,000 on its statement of financial position dated December 31, 20B. During 20B, it reported a profit of $4,000, declared and paid a cash dividend of $2,000, and issued additional shares of $20,000. What was total shareholders' equity at January 1, 20B?

Bateman Company Reported Total Shareholders' Equity of $58,000 on Its