Question: Please provide the correct answer to this general accounting problem using accurate calculations. Summit Manufacturing began the year with total assets of $450,000 and total

Please provide the correct answer to this general accounting problem using accurate calculations.

Summit Manufacturing began the year with total assets of $450,000 and total liabilities of $175,000. During the year, the company generated revenues of $380,000, incurred expenses of $220,000, and paid dividends of $45,000. What is the stockholders' equity at the end of the year

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