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What is the total amount of stockholders equity

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Reference no: EM133001368

Question - XYZ Company had the following transactions in 2013, its first year of operations. Issued 20,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $14.00 per share.

Issued 1,000 shares of $100 par value preferred stock. Shares were issued at par.

Earned net income of $35,000.

Paid no dividends.

At the end of 2013, what is the total amount of Stockholders' equity?

Reference no: EM133001368

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