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Ashleys Accessory Shop started the year with total assets of $210,000 and total liabilities of $120,000. During the year the business recorded $330,000 in revenues,

Ashleys Accessory Shop started the year with total assets of $210,000 and total liabilities of $120,000. During the year the business recorded $330,000 in revenues, $165,000 in expenses, and dividends of $60,000. Stockholders equity at the end of the year was

Selected Answer:

$165,000.

Answers:

$180,000.

$165,000.

$195,000.

$105,000.

I selected 165,000 and it was wrong and I want to know the correct answer and how you calculated it? Thanks

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