What is the amount of Trumpeter's total stockholders' equity?

The following table contains financial information for Trumpeter Inc. before closing entries:


Cash $ 12,000

Supplies 4,500

Prepaid Rent 2,000

Salaries Expense 4,500

Equipment 65,000

Service Revenue 30,000

Miscellaneous Expense 20,000

Dividends 3,000

Accounts Payable 5,000

Common Stock 68,000

Retained Earnings 8,000


What is the amount of Trumpeter's total stockholders' equity?


A) $5,000.

B) $78,500.

C) $68,500.

D) $83,500.


Answer: B


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Accounting

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