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Determine the total shareholder equity amount

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Reference no: EM132813864

Question - Consider the following data:

Cash $15,200

Accounts receivable 29,500

Accounts payable 34,500

Note payable 50,000

Inventory 17,000

Dividends payable 5,200

Equipment 220,000

Supplies 6,400

Net Income 35,000

Accumulated depreciation 100,000

Common shares 40,000

Beginning Retained earnings 23,400

Prepaid rent 1,600

Salaries payable 12,000

Dividends declared 5,200

Required - Determine the Total Shareholder's Equity amounts to

$53,200.

$58,400.

$93,200.

$98,400.

Reference no: EM132813864

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