Compute the december balance

Reference no: EM132824588

Question - Trooper Corporation reports the following amounts in their 2020 financial statements: At December 31, 2020

For the Year 2020

Total assets $2,000,000

Total liabilities 1,310,000

Total stockholders' equity ?

Interest expense $25,000

Income tax expense 130,000

Net income 150,000

Required - Compute the December 31, 2020, balance in stockholders' equity.

Reference no: EM132824588

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