The Total Equity of Timberlake Company at the Beginning of 2013

Multiple Choice

The total equity of Timberlake Company at the beginning of 2013 amounted to $5,500. During 2013 the company reported net income of $1,800 and paid a $500 dividend. If retained earnings at the end of 2013 is $2,200, what was beginning common stock?

A) $3,300
B) $2,800
C) $1,300
D) $4,600