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

1. Wiley invested $39,000 cash in the business in exchange for common stock.
2. Wiley contributed $114,000 of equipment to the business in exchange for common stock.
3. The company paid $3,400 cash to rent office space for the month of March.
4. The company received $30,000 cash for repair services provided during March.
5. The company paid $7,600 for salaries for the month of March.
6. The company provided $4,400 of services to customers on account.
7. The company paid cash of $1,900 for utilities for the month of March.
8. The company received $4,500 cash in advance from a customer for repair services to be provided in April.
9. The company paid $6,400 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:

Multiple Choice

• A $172,600.

• B $168,100.

• C $160,300.

• D $7,000.

• E $27,500.