The total The following items are taken from the financial statements of Pelle Ltd. For the year ended December 31, 2018: Accounts payable. $31,300 Accounts receivable. 10,000 Accumulated depreciation equipment 8,400 Bank loan payable...... 34,500 Cash ....... 38,500 Common shares (4.375 shares issued) 43,750 Depreciation expense. 8,400 Dividends declared 525 Equipment 82,000 Goodwill 12,300 Income tax expense. 1,750 Interest expense.. 6,125 Market price per common share $5.25 Rent Expense 21,000 Retained earnings, beginning. 28,000 Salaries expense... 14,350 Sales revenue 56,875 Supplies..... 7,875 value of Shareholders' Equity on December 31, 2018 is