Business

Rowan Brandt

7 August, 04:50

On november 1, current year, rockcreek corporation invested 60,000 in a new delivery truck. the truck is being depreciated at a monthly rate of $900. during the current year, the company issued stock for $96,000 and declared dividends of $12,000. its net income in current year was $108,000. rock creek ending retained earnings balance as reported in its december 31, current year, balance sheet was $120,000. its beginning capital stock balance on january 1, current year, was $180,000. determine the total stockholders' equity reported in the company's balance sheet dated december 31, current year.