Homework Help: So I already did half of the exercises, I just need help finding the " Common Stock " that I got wrong I don't know how to calculate that.

Q1. Ken Young and Kim Sherwood organized Reader Direct as a corporation; each contributed $46,000 cash to start the business and received 4,000 shares of stock. The store completed its first year of operations on December 31, 2020. On that date, the following financial items for the year were determined: cash on hand and in the bank, $41,500; amounts due from customers from sales of books, $27,600; equipment, $45,000; amounts owed to publishers for books purchased, $8,100; one-year notes payable to a local bank for $3,900. No dividends were declared or paid to the stockholders during the year.

Liabilities Assets Cash Accounts Receivable $ 41,500 27,600 Notes Payable 3.900 45,000 Total Liabilities 12,000 Total Liabilities and Stockholders' $ TotalAssets $ 114.100 Equity 122.100 Accounts Payable $ . Ending RE = Beginning RE + Dividends - Net Income Ending RE = Beginning RE + Net Income Dividends Ending RE = Beginning RE + Net Income Expenses Ending RE = Beginning RE + Revenue Dividends = +