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Social Company reports the following amounts for the year ended December 31, 2021: In addition, the company had common stock of $30,000 at the beginning
Social Company reports the following amounts for the year ended December 31, 2021: In addition, the company had common stock of $30,000 at the beginning of the year and issued an additional $5,000 of common stock during the year. The company had retained earnings of $13,300 at the beginning of the year and paid dividends of $8,500. What amount of total stockholders' equity should the company report in its December 31, 2021 balance sheet? Multiple Choice $35,000 $106,800 $48,300 $111,800
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