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Shack company had retained earnings of $96,000 and stockholders equity of $158,000 at the beginning of 20x1. During 20x1 , the company had a net

Shack company had retained earnings of $96,000 and stockholders equity of $158,000 at the beginning of 20x1. During 20x1 , the company had a net income of $39,000 , declared and paid cash dividents of $20,000 ; and had other comprehensive income of $12,000. The company neither issued nor bought back shares in that year. Compute the ending retained earnings and total stockholders equity at the end of 20x1

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