On August 31 of the current year, the assets and liabilities of Gladstone, Inc. are as follows: Cash $30,750; Supplies, $660; Equipment, $10,500; Accounts Payable, $9,200. What is the amount of stockholders equity as of August 31 of the current year?

Multiple Choice

• $32,050.

• $31,390.

• $32,710.

• $10,390.

• $11,710.