If total assets were $190,784,085 at the end of 2016, book value of equity at the start of year 2016 was $229,243,591, revenues in 2016 were $215,441,841, all expenses and taxes for the same year were $186,586,236. No other comprehensive income and no dividends or share issuances and repurchases were made during the year. What was the book value of equity of this firm by the end of 2016?