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What is the amount of total shareholders equity

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Question: The following information is provided for Sacks Company before closing entries. $12,000

Supplies 4,500

Cash

Prepaid rent 2,000

Salaries expense 4,500

Equipment 65,000

Service revenue 30,000

Miscellaneous expenses 20,000

Dividends 3,000

Accounts payable 5,000

Common stock 68,000

Retained earnings (beginning balance) 8,000

What is the amount of total shareholders' equity that will be reported on the year-end balance sheet?

Reference no: EM132758960

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