1. she started the business with investing 25,000 of her own money (business was organized as corporation) 2. she purchased 18,000 equipment in cash. 3. she purchased a truck for 30,000 for business use - paid 5,000 in cash and signed a 3-year note for the rest. 4. she borrowed 20,000 from bank by signing a 5 year note. 5. during the year, purchased 5,500 of supplies in cash. 6. during the year, provided 120,000 services to customers of which 100,000 was collected, the rest was not yet collected as of Dec 31st. 7. during the year she incurred 80,000 of salaries, rent,utilities, and insurance expenses of which 3,000 was still not paid as of Dec 31st. 8. during the year she paid 4,000 to the bank of which 1,200 was for interest and the rest was for payment of the principal of the loan. 9. during the year, she took 6,000 as divided (dividends paid to shareholders) 10. she sold 800 unnecessary equipment in cash at cost. 11. during the year she collected 180 interest from bank on holding bank account. 12. in last week of December she collected 2,000 from a customer in advance for services to be rendered next year. 13. she paid 3,000 to IRS for income tax. 14. only 800 of the supplies was left on Dec 31st. 15. depreciation expense for the year was 2,000.

compute total stockholders equity as of Dec 31st