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What is the total amount of thomson''s stockholders equity

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Reference no: EM131622509

Question - Thomson Company started business on January 1 of Year 1. On December 31 of Year 1, Thomson had the following account balances:

Accounts receivable:$145,000Sales revenues:$991,000Income taxes payable:$29,000Loan payable:$60,000Cost of goods sold:$627,000Cash:$80,000Inventory:$33,000Operating expenses:$235,000Income tax expense:$30,000Accounts payable:$60,000Property, Plant, and Equipment:$166,000Prepaid Rent:$60,000Bonds Payable:$150,000Capital Stock:$86,000

Given these data, what is the total amount of Thomson's Stockholders' Equity as of December 31 of Year 1?

Reference no: EM131622509

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