Please show all step by step calculations.

Total assets were $76,000 and total liabilities were $41,000 at the beginning of the year. Net income for the year was $15,000, and dividends of $4,500 were declared and paid during the year.

Required:

Calculate total stockholders equity at the end of the year. (Negative amounts should be indicated by a minus sign.)

	Assets	+Liabilities	+ Stockholders Equity
Beginning:	$76,000	$41,000	$
Changes:	$	$	$
			$	+Dividends +Net Income -Dividends -Net Income (which one of the above?)
Ending:	$	$	$	$