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Waldorf Co, had the following transactions during the month of October 2014: * Cash received from bank loans was $60,000 Dividends of $18,500 were paid

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Waldorf Co, had the following transactions during the month of October 2014: * Cash received from bank loans was $60,000 Dividends of $18,500 were paid to stockholders in cash * Revenues earned and received in cash amounted to $100,500. * Expenses incurred and paid were $78,000 Refer to the information above. At the beginning of October, owners' equity in Waldorf was $480,000. Given the transactions of October, 2014, what will be the owners' equity at the end of the month

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