Calculate total stockholders equity at the end of the year

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Reference no: EM132080982

Question: Total assets were $58,000 and total liabilities were $32,000 at the beginning of the year. Net income for the year was $10,500, and dividends of $4,500 were declared and paid during the year.

Required: Calculate total stockholders' equity at the end of the year. (Negative amounts should be indicated by a minus sign.)

Reference no: EM132080982

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