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Precision Camera Services started the year with total assets of $ 1 3 0 , 0 0 0 and total liabilities of $ 6 0

Precision Camera Services started the year with total assets of $130,000 and total liabilities of $60,000. The revenues and the expenses for the year amounted to $150,000 and $90,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $70,000. What is the amount of stockholders' equity at the end of the year?
A. $60,000
B. $90,000
C. $150,000
D. $70,000
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