Concord Consulting started the year with total assets of $60500 and total liabilities of $14300. During the year, the business recorded $48500 in catering revenues and $29200 in expenses. Concord issued stock of $8300 and paid dividends of $14500 during the year. The stockholders' equity at the end of the year was

$57200.

$65500.

$34200.

$59300.