Question 25 4 pts Desert Corporation had the following balances at December 31, 2020. Net income for 2020 totaled $325,000. The company declared dividends of $50,000 on December 15, 2020. How much did Desert Corporation report as Total Stockholder's Equity in its classified 2020 Balance sheet Property, plant, and equipment Goodwill $212,000 580,000 Interest payable 6,000 Common stock 5,000 Note payable (due Mar 31, 2021) 120.000 Prepaid insurance 24,000 Patent 35.000 Accounts payable 50.000 Additional paid-in capital 545,000 Retained earnings December 31, 2019 410.000 Salaries payable 12,000 Accumulated depreciation 145.000 Cash and cash equivalents 85.000 Accounts receivable, net 120.000 65.000 Bond Payable Accumulated other comprehensive loss 5.000 Note Receivable, due in annual Installments of $25.000 plus interest 675.000 Inventory 436,000 DO SO os 000 4 F3 FO A & @ $ % 5 3 9 0 7 2 4 8 6 E W Y 20 0 T U