Barstock, Inc., began the year with total assets of $177,000 and liabilities of $112,000. During the year, the business earned revenue of $103,000 and incurred expenses of $48,000. The stockholders received cash dividends of $24,000. How much is stockholders equity at year-end?

a. 120,000

b. 96,000

c. 79,000

d. 31,000