Mini-Exercise 2-2 Understanding financial statement relationships [LO 2, 3]

Stockholders? equity totaled $89,000 at the beginning of the year. During the year, net income was $19,000, dividends of $6,500 were declared and paid, and $17,000 of common stock was issued at par value.

Required:

Calculate total stockholders? equity at the end of the year. (Negative amounts should be indicated by a minus sign.)

(the chart for this question is attached below)