Tiger Company's total stockholders' equity at the beginning of the year was $176,000. During the year Tiger reported the following:

Net income of $80,000.

Dividend declarations totaling $17,100.

Issued stock to stockholders in exchange for $42,500 cash.

Borrowed $11,100 from a stockholder.

What is Tiger's total stockholders' equity at the end of the year?

Multiple Choice

• $281,400

• $275,400

• $298,500

• $292,500