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On January 1, Crew Brothers Inc. started the year with a $592,000 balance in Retained Earnings and a $605,000 balance in Common Stock. During
On January 1, Crew Brothers Inc. started the year with a $592,000 balance in Retained Earnings and a $605,000 balance in Common Stock. During the year, the company reported net income of $92,000, paid a dividend of $15,200, and issued more common stock for $27,500. What is total stockholders' equity at the end of the year? $1,197,000. $1,301,300. $1,688,300. $1,331,700.
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