Reference no: EM132805891

The stockholders' equity accounts for AI Now, Inc. include the following at December 31st, 2019:

Common stock, $2 par value, 90,000 shares authorized; 10,000 shares outstanding $20,000

Additional paid-in capital in excess of par value 39,800

Accumulated other comprehensive income (2,380)

Retained earnings 154,000

Total equity $211,420

During 2020, the following transactions occurred:

1. March 15 Declared and issued cash dividends of $2 per share
2. May 31 Announced and completed a 2:1 stock split
3. June 30 Announced and completed a 15% stock dividend to existing shareholders
4. Dec 31 Recorded net income of $200,000

Problem 1: Calculate the balance of Total Equity as of December 31, 2020