On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows:

Cash $31,050;

Supplies, $690;

Equipment, $10,800;

Accounts Payable, $9,500.

What is the amount of stockholders’ equity as of August 31 of the current year?

• $32,350.

• $31,660.

• $33,040.

• $10,060.

• $11,440.