At September 1, 2018, Promise Ring Co

Multiple Choice

At September 1, 2018, Promise Ring Co. reported stockholders' equity of $156,000. During the month, Promise Ring generated revenues of $38,000, incurred expenses of $21,000, purchased equipment for $5,000 and paid dividends of $2,000. What is the amount of stockholders' equity at September 30, 2018?

A) $166,000
B) $171,000
C) $173,000
D) $176,000