Beginning assets were $437,600,beginning liabilities were $262,560,common stock issued during the year totaled $45,000,revenue for the year was $414,250,expenses for the year were $280,000,dividends declared were $22,700,and ending liabilities were $350,000. What was the ending equity for the year?
A)$700,160
B)$331,590
C)$134,250
D)$612,560
E)$175,040

Question

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The Answer of Beginning assets were $437,600,beginning liabilities were $262,560,common stock issued during the year totaled $45,000,revenue for the year was $414,250,expenses for the year were $280,000,dividends declared were $22,700,and ending liabilities were $350,000. What was the ending equity for the year?
A)$700,160
B)$331,590
C)$134,250
D)$612,560
E)$175,040

Beginning Assets Were $437,600,beginning Liabilities Were $262,560,common Stock Issued During