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Stockholders' equity totaled $100,000 at the beginning of the year. During the year, net income was $30,000, dividends of $5, 500 were declared and paid,

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Stockholders' equity totaled $100,000 at the beginning of the year. During the year, net income was $30,000, dividends of $5, 500 were declared and paid, and $28,000 of common stock was issued at par value. Required: Calculate total stockholders' equity at the end of the year. (Deductible amounts should be indicated by a minus sign.)

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