Question: How do you work out this problem to come up with the answer of 90,000 for total equity attributable to common shareholders? 1. [CH 2]

How do you work out this problem to come up with the answer of 90,000 for total equity attributable to common shareholders?
 How do you work out this problem to come up with

1. [CH 2] Advocate Agency has $10,000 in debt, $35,000 in preferred stock, $10,000 in common stock $25,000 of capital in excess of par, and $55,000 in retained earnings. They have 1,400 shares of preferred stock outstanding (par value of $25). They also have 10,000 shares of S1 par value common stock outstanding. What is the total equity attributable to common stockholders? Total Equity attributable to Common Shareholders- $90,000

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