Answer:
The total stockholders' equity at the end of 2021 is $271,500
Explanation:
In order to calculate the total stockholders' equity at the end of 2021 we would have to use the following formula:
Stockholders' equity=Common stock+ Paid-in capital in excess of par+ Net income-Dividends- Treasury stock
Common stock= ( 10,000*$6 + 20,000*$6 ) = $180,000
Paid-in capital in excess of par=(10,000*($8-$6) + 20,000*($9-$6)=$ 80,000
Treasury stock= ( 3,500 * $11 )=$38,500
Therefore, Stockholders' equity= $180,000+$ 80,000 + $100,000-$ 50,000 - $38,500
Stockholders' equity= $271,500
The total stockholders' equity at the end of 2021 is $271,500
