On January 1,Year 3,New Works,Inc.'s assets were $300,000 and its stockholders' equity was $140,000.During the year,assets increased $15,000 and liabilities decreased $10,000.
Required:
Determine the amount of stockholders' equity at December 31,Year 3.

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The Answer of On January 1,Year 3,New Works,Inc.'s assets were $300,000 and its stockholders' equity was $140,000.During the year,assets increased $15,000 and liabilities decreased $10,000.
Required:
Determine the amount of stockholders' equity at December 31,Year 3.