On january 1, gucci brothers inc. started the year with a $492,000 balance in retained earnings and a $605,000 balance in common stock. during the year, the company earned net income of $92,000, paid a dividend of $15,200, and issued more common stock for $27,500. what is total stockholders' equity at the end of the year?

Ending stockholders equity 1,200,500

Explanation:

492,000 beginning RE

+92,000 retained earnings

-15,200 dividends

568,000 Ending RE

605,000 + 27,500 = 632,500 Ending Common Stock

632,500 + 568,000 = 1,200,500

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