A companys financial records at the end of the year included the following amounts:

Cash	$	70,500
Accounts Receivable		28,500
Supplies		4,500
Accounts Payable		10,500
Notes Payable		5,250
Retained Earnings, beginning of year		17,500
Common Stock		45,000
Service Revenue		49,750
Wages Expense		8,500
Advertising Expense		5,500
Rent Expense		10,500

What is the amount of total stockholders' equity that would be reported on the Balance Sheet at the end of the year?

Multiple Choice

• $103,500.

• $25,250.

• $87,750.

• $62,500.