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A company's January 1,2022 balance sheet reported total assets of $122,000 and total liabilities of...

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Accounting

A company's January 1,2022 balance sheet reported total assets of $122,000 and total liabilities of $38,000. During January 2022, the following transactions occurred: (A) the company issued stock and collected cash totaling $32,000; (B) the company paid an account payable of $6,200; (C) the company purchased supplies for $1,200 with cash; (D) the company purchased land for $58,000, paying $12,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above?
Multiple Choice
$116,000
$197,800
$32,000
$84,000

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