Stockholders equity totaled $90,000 at the beginning of the year. During the year, net income was $20,000, dividends of $7,000 were declared and paid, and $18,000 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.)

	Stockholders' Equity
Beginning:
Changes:
Ending:	$0