Question: o Precision Camera Services started the year with total assets of $120,000 and total liabilities of $40,000. The revenues and the expenses for the year

o Precision Camera Services started the year with total assets of $120,000 and total liabilities of $40,000. The revenues and the expenses for the year amounted to $130,000 and $60,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $70,000. What is the amount of stockholders' equity at the end of the year? O A. $130,000 OB. $70,000 C. $60,000 OD. $80,000

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