The Controller for Tires and More,Inc

Multiple Choice

The controller for Tires and More,Inc.has recorded the following transactions during the month: the company was established by selling 10,000 shares of stock to the public for $20,000 on the 1st of the month;the company recorded $36,000 of revenue for tires and services provided during the month;and expenses of $22,000 were recorded for the month.Additionally,on the last day of the month the company declared dividends of $2,000.What is the balance of Stockholders' Equity at the end of the month,and is the balance a debit or a credit?

A) $32,000 debit.
B) $32,000 credit.
C) $18,000 credit.
D) $36,000 debit.