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While the company accountant was ill, the manager of Salem News, Inc. prepared the company's balance sheet as of October 31, 2016. The balance sheet

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While the company accountant was ill, the manager of Salem News, Inc. prepared the company's balance sheet as of October 31, 2016. The balance sheet contains numerous errors. In particular, the manager knew that the balance sheet should balance, so she plugged in the stockholders' equity amount needed to achieve this balance. The stockholders' equity amount is not correct. All other amounts are accurate. Prepare the correct balance sheet. What is the correct amount for stockholders' equity

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