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Question 1: CBA Company reported total stockholders' equity of $78,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, CBA reported net income of $11,700, declared and paid a cash dividend of $3,700, and issued additional common stock for $13,000. What is total stockholders' equity as of December 31, 2019?
Multiple Choice
Option 1: $98,400.
Option 2: $99,000.
Option 3: $106,400.
Option 5: $83,600.
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