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Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books:
Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books:
- Wiley,the sole stockholder, invested $35,000 cash in the business in exchange for common stock.
- Wiley contributed $110,000 of equipment to the businessin exchange for common stock.
- The company paid $3,000 cash to rent office space for the month of March.
- The company received $26,000 cash for repair services provided during March.
- The company paid $7,200 for salaries for the month of March.
- The company provided $4,000 of services to customers on account.
- The company paid cash of $1,500 for utilities for the month of March.
- The company received $4,100 cash in advance from a customer for repair services to be provided in April.
- The company paidWiley $6,000 cash as a dividend.
Based on this information,total stockholder's equity reported on the balance sheet at the end of March would be:
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