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What novak stockholders equity on december is

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Reference no: EM132794743

Novak Corp. compiled the following financial information as of December 31, 2017:

Service revenue $1165000

Common stock 230000

Equipment 308000

Operating expenses 968000

Cash 284000

Dividends 79000

Supplies 39000

Accounts payable 154000

Accounts receivable 114500

Retained earnings, 1/1/17 566000

Problem 1: Novak stockholders' equity on December 31, 2017 is:

Option 1: $914000.

Option 2: $875000.

Option 3: $684000.

Option 4: $993000.

Reference no: EM132794743

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