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How much is total stockholders' equity at the end of the current year? Beginning balance in retained earnings: $11,789 Net income during the year of

How much is total stockholders' equity at the end of the current year?

  • Beginning balance in retained earnings: $11,789
  • Net income during the year of $41,448
  • Dividends paid that were declared the prior year of $2,000
  • Dividends declared this year of $5,000
  • Note payable of $400,000
  • Treasury stock of $20,000
  • Additional paid in capital of $60,000
  • Common stock of $1,000

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