Christopher Foley, an attorney, has a law corporation, Christopher Foley, Attorney, Inc., that began the year...

 

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Christopher Foley, an attorney, has a law corporation, Christopher Foley, Attorney, Inc., that began the year with total assets of $145,000, total liabilities of $70,000, and stockholders' equity of $75,000. During the year, Christopher Foley, Attorney, Inc., earned revenue of $125,000 and paid expenses of $35,000. Christopher Foley, Attorney, Inc., also sold an additional $24,000 of stock and paid $10,000 in dividends. How much is the stockholders' equity in Christopher Foley, Attorney, Inc., at year's end? Christopher Foley, an attorney, has a law corporation, Christopher Foley, Attorney, Inc., that began the year with total assets of $145,000, total liabilities of $70,000, and stockholders' equity of $75,000. During the year, Christopher Foley, Attorney, Inc., earned revenue of $125,000 and paid expenses of $35,000. Christopher Foley, Attorney, Inc., also sold an additional $24,000 of stock and paid $10,000 in dividends. How much is the stockholders' equity in Christopher Foley, Attorney, Inc., at year's end?