15)

A company reported total stockholders' equity of $270,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company issued additional common stock for $50,000, reported net income of $40,000, and declared and paid a cash dividend of $6,000. What is total stockholders' equity as of December 31, 2019?

Choose the right answer below?

1. $320,000
2. $360,000
3. $304,000
4. $354,000