At the beginning of the year, Gal Company had liabilities of $50,000 and stockholders' equity of $96,000. If assets increased by $40,000 and liabilities decreased by $30,000, what was the stockholders' equity at the end of the year?

Select one:

a. $146,000

b. $166,000

c. $186,000

d. $96,000

e. $36,000