Answer:
The total stockholder's equity at the end of the year will be $352,000.
Explanation:
The issue of common stock at $7/share= 14,000*$7=$98,000
The issue of common stock at $8/share= 28,000*$8=$224,000
The net income is $140,000.
The dividends paid= $70,000.
Purchase of treasury stock= 4000*$10=$40,000
The total stockholder's equity
=The issue of common stock at $7/share+The issue of common stock at $8/share+The net income-The dividends paid-Purchase of treasury stock
=$98,000+$224,000+$140,000- $70,000-$40,000
=$352,000.
