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Required information [The following information applies to the quiestions displayed below] On January 1 of...

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Accounting

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Required information [The following information applies to the quiestions displayed below] On January 1 of the current year, three individuals organized Northwest Company as a corporation. Each individual invested $9,000 cash in the business. On December 31 of the current year, they prepared a list of resources owned (assets) and debts owed (liabilities) to support a company loan request for $71,000 submitted to a local bank. None of the three investors had studied accounting. The two lists prepared were as follows: 4. Calculate the amount of stockholders' equity

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