On January 1, Year 3, New Works, Inc.'s assets were $360,000 and its stockholders' equity was $152,000
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On January 1, Year 3, New Works, Inc.'s assets were $360,000 and its stockholders' equity was $152,000 During the year, assets increased by $21,000 and liabilities decreased by $22,000 Required
Determine the amount of stockholders' equity on December 31, Year 3.
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