Question: I need help solving this general accounting question with the proper methodology. Summit Industries began the year with total assets of $780,000 and total liabilities

I need help solving this general accounting question with the proper methodology.

Summit Industries began the year with total assets of $780,000 and total liabilities of $425,000. During the year, the business recorded $650,000 in revenues, $390,000 in expenses, and paid dividends of $120,000. What was the stockholders' equity at the end of the year

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