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On January 1, Year 3, Wayfarer Co.'s assets were $315,000 and its stockholders' equity was $143.000. During the year, assets increased $16.500 and liabilities decreased

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On January 1, Year 3, Wayfarer Co.'s assets were $315,000 and its stockholders' equity was $143.000. During the year, assets increased $16.500 and liabilities decreased $13,000 Required: Determine the amount of stockholders' equity at December 31, Year 3. Stockholders' equity S 172,500

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