Stockholders' equity at December 31, 2019 is $148,000.
Stockholders' equity describes the assets that are still held by a company after all liabilities have been paid. This amount can also be determined by adding share capital and retained earnings, less treasury stock. It is obtained by deducting total liabilities from total assets.
Assets at December 31, 2019
= Beginning assets ($410,000) + Increase in assets during 2019($26,000) = $436,000.
Liabilities at December 31, 2019 = Beginning liabilities ($280,000) + Increase in liabilities ($8,000)
= $288,000.
Assets ($436,000) = Liabilities ($288,000) + Stockholders' equity.
Solve for Stockholders Equity at December 31, 2019 = $148,000.
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