please solve this problem and explain step by step as to how you got the answer

1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle A select Copy Format Painter board BIUX, X' A... E... Fom Paragraph Styles Editing 16. At March 1, 2020, COBM Co. reported stockholders' equity of $175,000. During the month, COBM Co. generated revenues of $40,000, incurred expenses of $17,500, purchased a computer for $3,000 and paid dividends of $3,500. What is the amount of stockholders' equity at March 31, 2020 a. $175,000 b. $191,000 c. $194,000 d. $197,500 Type here to search I G 12:17 PM 9/11/2000 Lenovo C - x FT D 322 DE CAL 5 Pas Ins