1 0158:34 Total assets were $62,000 and total liabilities were $34,000 at the beginning of the year. Net income for the year was $11,500, and dividends of $5,500 were declared and paid during the year. Required: Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Stockholders' Liabilities + Equity Assets eBook Beginning: $ 62,000 = Changes: $ 34,000+ Ending + $