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13. On December 1, 2007, Lawn Pride Inc. invested $45,000 in a new delivery truck. The truck is being depreciated at a monthly rate of

13. On December 1, 2007, Lawn Pride Inc. invested $45,000 in a new delivery truck. The truck is being depreciated at a monthly rate of $500. During 2007, the company issued stock for $60,000 and declared dividends of $5,000. Its net income in 2007 was $70,000. Lawn Pride Inc.s ending retained earnings balance reported in its December 31, 2007, balance sheet was $90,000. Its beginning capital stock balance on January 1, 2007, was $200,000. Given this information, determine the total stockholders equity reported in the companys balance sheet dated December 31, 2007. (6 points)

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