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Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred: Wiley invested $25,000 cash in the business

Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred:

  1. Wiley invested $25,000 cash in the business in exchange for common stock.
  2. Wiley contributed $100,000 of equipment to the business in exchange for common stock.
  3. The company paid $2,000 cash to rent office space for the month of March.
  4. The company received $16,000 cash for repair services provided during March.
  5. The company paid $6,200 for salaries for the month of March.
  6. The company provided $3,000 of services to customers on account.
  7. The company paid cash of $500 for utilities for the month of March.
  8. The company received $3,100 cash in advance from a customer for repair services to be provided in April.
  9. The company paid $5,000 in cash dividends.

Based on this information, the total amount of stockholders equity reported on the balance sheet at the end of March would be:

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