Answer:
$32,000
Explanation:
Given that,
Asset = $114,000
Liabilities = $82,000
Stockholders' equity at the beginning of the year:
= Asset - Liabilities
= $114,000 - $82,000
= $32,000
During the year:
Assets increased by $14,800
Liabilities decreased by $10,400
New assets = $114,000 + $14,800
= $128,800
New Liability = $82,000 - $10,400
= $92,400
New Stockholders' equity:
= New Asset - New Liabilities
= $128,800 - $92,400
= $36,400
