What is total stockholders equity at the end of the year

Reference no: EM131881426

Problem

On January 1, Gucci Brothers Inc. started the year with a $705,000 balance in retained earnings and a $607,000 balance in common stock. During the year, the company reported net income of $96,000, paid a dividend of $14,200, and issued more common stock for $24,500. What is total stockholders' equity at the end of the year?

Reference no: EM131881426

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