Question
On December 31, 2021 ANG Shuttles Corporations total assets amounted to $5,750,000, and the companies liabilities balance on that same date totaled to $3,965,500. During
On December 31, 2021 ANG Shuttles Corporations total assets amounted to $5,750,000, and the companies liabilities balance on that same date totaled to $3,965,500. During 2022 ANG Shuttles Corporation generated $15,705,250 in service revenue, incurred $7,865,000 in operating expenses, and realized a loss of $350,125 from the sale of old shuttle busses due to be replaced with newer models in the near future. ANG Shuttle Corporations Board of Directors also authorized the distribution of a $785,100 cash dividend to all investors during 2022. The company went on to realize a modest decrease of $905,000 in total liabilities over this same period in 2022.
Given the information provided determine ANG Shuttle Corporations total Owners Total Asset Balance on December 31, 2022?
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