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Problem - You are presented with the following December 31, 2020 adjusted trial balance for Barnes, Corp. All accounts carrying a balance are shown and all accounts have normal balances.
Accounts Payable $15,000
Accounts Receivable $32,000
Cash $45,000
Common Stock $12,000
Dividends $2,600
Equipment $38,000
Prepaid Rent $1,000
Retained Earnings $82,800
Service Revenue $18,000
Supplies $2,000
Unearned Revenue $3,200
Treasury Stock $1,400
Wages Expense $9,000
Required - What amount of total stockholders' equity would Barnes, Corp. report on the December 31, 2020 balance sheet?
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