On December 31, 2013, TTX reported owners' equity of $150,000.During 2014, TTX declared and paid cash dividends of $30,000; reported a net loss of $15,000; issued additional common shares (no par)for $70,000; and purchased treasury stock at a cost of $15,000 (cash), Therefore, the 2014 ending amount of shareholders' equity was:

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The Answer of On December 31, 2013, TTX reported owners' equity of $150,000.During 2014, TTX declared and paid cash dividends of $30,000; reported a net loss of $15,000; issued additional common shares (no par)for $70,000; and purchased treasury stock at a cost of $15,000 (cash), Therefore, the 2014 ending amount of shareholders' equity was:

On December 31, 2013, TTX Reported Owners' Equity of $150,000