Accounting: What the Numbers Mean 11th Edition by Wayne McManus,Daniel Viele,David Marshall

Exercise 16

Understanding financial statement relationships Stockholders' equity totaled $164,000 at the beginning of the year. During the year, net income was $24,000, dividends of $6,000 were declared and paid, and $20,000 of common stock was issued at par value.
Required:
Calculate total stockholders' equity at the end of the year.