The company began doing business this year and had the following activity during the year. 

a. $100,000 cash is received in exchange of 10,000 shares of stock. 

b. The company received a loan of $30,000. 

c. The company buys $20,000 worth of equipment with cash. 

d. The company provides services for cash and is paid $50,000. 

e. The company provides services on credit in the amount of $10,000 to be paid next year. 

f. First year's dividends declared and paid are $2,000. 

g. The company paid $35,000 for various expenses. 

What is the ending stockholders' equity amount at the end of the year?

Answer rating: 100% (QA)

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