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Zapper has beginning equity of $261,000, net income of $53,000, dividends paid of $42,000 and stockholder investments of $8,000. Its ending total equity as reported

Zapper has beginning equity of $261,000, net income of $53,000, dividends paid of $42,000 and stockholder investments of $8,000. Its ending total equity as reported on the balance sheet is:

Multiple Choice

  • $227,000.

  • $242,000.

  • $272,000.

  • $280,000.

  • $348,000.

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