Baltimore Company experienced a total increase in stockholders' equity of $17,000 during the current year.Stockholders' equity was increased by additional issuances of $48,000 capital stock during the year.No dividends were paid.Expenses incurred during the year were $90,000.How much was Baltimore's revenue for the year?

Baltimore Company reports total assets and total liabilities of $246,000 and $105,000, respectively, at the conclusion, of its first year of business. The company earned $81,500 during the first year, and distributed $30,000 to shareholders as dividends. How much did shareholders initially invest in the business?