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Question - A company began the year with $84,000 in its common stock account and a credit balance in retained earnings of $36,000. During the year, the company earned net income of $24,000 and declared and paid $6,000 of dividends. In addition, the company sold additional common stock amounting to $22,000. What is the ending total stockholders' equity?
a. $54,000
b. $166,000
c. $106,000
d. $160,000
e. $138,000
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