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As of May 1, The Barking Lot Corp. had total retained earnings of $102,000. During May, it wrote checks for $15,000 in salaries expense, $30,000
As of May 1, The Barking Lot Corp. had total retained earnings of $102,000. During May, it wrote checks for $15,000 in salaries expense, $30,000 in prepaid expenses, and $28,000 in rent expense. It also accrued sales revenues of $82,000. Assuming no other transactions occurred during May, what is The Barking Lot Corp's total stockholders' equity as of May 31? (Round your answer to the nearest dollar. Do not use dollar signs, commas or decimals.)
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