Answer:
Stockholder Equity= $1,414,400
Explanation:
Stockholder Equity is the owners contribution to a business and it is made up of retained earnings and stock.
Stockholder Equity = Common stock + Retained Earnings
Let's track changes in common stock
Common stock= Starting balance + New stocks issued
Common stock= 608,000 + 22,500
Common stock= $630,500
Changes in retained earnings
Retained earnings= Starting balance + Income earned - Dividend paid out
Retained earnings= 705,000 + 93,000- 14,100
Retained earnings= $783,900
Therefore
Stockholder Equity= 630,500+ 783,900
Stockholder Equity= $1,414,400
