QUESTION 12 GG's total stockholders' equity at the beginning of the year was $200,000. During the year GG reported the following: Stock issued in exchange for equipment totaling $80,000 Payment of accounts payable $40,000. Dividends declared $2,000, but not paid yet Net income of $30,000. What is GG's total stockholders' equity at the end of the year? a $168.000 b. $248.000 c. $348,000 d. $308,000