Suppose Frazier Corporation has receivables of ($63,000), furniture totaling ($198,000), and cash of ($45,000). The business has

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Suppose Frazier Corporation has receivables of $$63,000$, furniture totaling $$198,000$, and cash of $$45,000$. The business has a $$108,000$ note payable and owes $$84,000$ on account. How much is Frazier’s stockholders’ equity?

a. $114,000

b. $192,000

c. $24,000

d. $306,000

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