Calculate total stockholders equity at the end of the year

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Reference no: EM131288407

Total assets were $24,000 and total liabilities were $13,500 at the beginning of the year. Net income for the year was $4,000, and dividends of $1,500 were declared and paid during the year.

Calculate total stockholders' equity at the end of the year.

Reference no: EM131288407

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