A company's January 1,2019 balance sheet reported total assets of $120,000 and total liabilities of $40,000.During January 2019,the following transactions occurred: (A)the company issued stock and collected cash totaling $30,000; (B)the company paid an account payable of $6,000; (C)the company purchased supplies for $1,000 with cash; (D)the company purchased land for $60,000,paying $10,000 with cash and signing a note payable for the balance.What is total stockholders' equity after the transactions above?

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Stockholders' equity initially is $80,000 ($120,000 in assets - $40,000 in liabilities). Transaction A increases equity by $30,000 (issuing stock). Transactions B, C, and D affect assets and liabilities but not directly stockholders' equity. After these transactions, stockholders' equity is $110,000 ($80,000 + $30,000).

A Company's January 1,2019 Balance Sheet Reported Total Assets of $120,000