Reference no: EM132593846

Question - Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred and were recorded in the company's books:

1. Wiley, the sole stockholder, invested $35,000 cash in the business in exchange for common stock.

2. Wiley contributed $110,000 of equipment to the business in exchange for common stock.

3. The company paid $3,000 cash to rent office space for the month of March.

4. The company received $26,000 cash for repair services provided during March.

5. The company paid $7,200 for salaries for the month of March.

6. The company provided $4,000 of services to customers on account.

7. The company paid cash of $1,500 for utilities for the month of March.

8. The company received $4,100 cash in advance from a customer for repair services to be provided in April.

9. The company paid Wiley $6,000 cash as a dividend.

Based on this information, find total stockholder's equity reported on the balance sheet at the end of March?