Stockholders' equity totaled

$38,000

at the beginning of the year. During the year, net income was

$8,000

, dividends of

$2,500

were declared and paid, and

$6,000

of common stock was issued at par value.\ Required:\ Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect.\ lote: Enter decreases with a minus sign to indicate a negative financial statement effect.\ \\\\table[[ginning],[ginges:],[giges:],[ges:],[gequity]]\ Prev\ 1 of 6\ Next\ Search

Stockholders' equity totaled $38,000 at the beginning of the year. During the year, net income was $8,000, dividends of $2,500 were declared and paid, and $6,000 of common stock was issued at par value. Required: Calculate total stockholders' equity at the end of the year. Indicate the financial statement effect. ote: Enter decreases with a minus sign to indicate a negative financial statement effect