Calculate total stockholders equity at end of year

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Reference no: EM13863741

Understanding financial statement relationships Total assets were $48,000 and total liabilities were $27,000 at the beginning of the year. Net income for the year was $8,000, and dividends of $2,000 were declared and paid during the year. Required: Calculate total stockholders’ equity at the end of the year.

Reference no: EM13863741

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