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Benjamin Stone opened Stone's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books:

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Benjamin Stone opened Stone's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books: 1. Benjamin, the sole stockholder, invested $45,000 cash in the business in exchange for common stock. 2. Benjamin contributed $120,000 of equipment to the business in exchange for common stock. 3. The company paid $4,000 cash to rent office space for the month of March. 4. The company received $36,000 cash for repair services provided during March. 5. The company paid $8,200 for salaries for the month of March. 6. The company provided $5,000 of services to customers on account. 7. The company paid cash of $2,500 for utilities for the month of March. 8. The company received $5,100 cash in advance from a customer for repair services to be provided in April. 9. The company paid Benjamin $7.000 cash as a dividend. Based on this information, total stockholder's equity reported on the balance sheet at the end of March would be: Multiple Choice $33,500

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