A company reported total stockholders’ equity of $170,000 on…
A company reported total stockholders’ equity of $170,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company reported net income of $20,000, declared and paid a cash dividend of $4,000, and issued additional common stock for $40,000. What is total stockholders’ equity as of December 31, 2019?