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What was Total Stockholders Equity at the end

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Reference no: EM132668019

Question - A firm began operations on January 1, 2021 with total stockholders' equity of $50,000. Given for 2021 and 2022:

 

2021

2022

Revenues

$253,000

$572,000

Expenses

$125,400

$258,000

Dividends

$35,200

$83,600

Required - What was Total Stockholders' Equity at the end of each of the years?

a. 2021 2022 $92,400 $322,800

b. 2021 2022 $127,600 $280,400

c. 2021 2022 $92,400 $280,400

d. 2021 2022 $142,400 $322,800

e. 2021 2022 $142,400 $372,800

Reference no: EM132668019

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