Based upon these amounts, what is total stockholders' equity at the end of the current year?

• Beginning balance in retained earnings: $34,569
• Net income during the year of $15,960
• Dividends declared this year of $5,000
• Note payable of $350,000
• Treasury stock of $4,500
• Additional paid in capital of $75,000
• Common stock of $2,000
• Cash of $30,000