Question: Alpha began the year with $ 1 2 8 , 5 0 0 in its Common Stock account and a credit balance in Retained Earnings

Alpha began the year with $128,500 in its Common Stock account and a credit balance in Retained Earnings of $55,100. During the year, the company earned net income of $27,500 and declared and paid $9,200 of dividends. In addition, the company sold additional common stock amounting to $33,700. Based on this information, what should the ending balance be for Stockholders Equity?

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