,Answer:
Explanation:
a. Stockholders' equity December 31, 2017
Assets = Equity + Liabilities
529,000 = Equity + 127,000
Equity = 529,000 - 127,000
= $402,000
b. Stockholders' equity in 2018:
Assets = Equity + Liabilities
(529,000 + 101,000) = Equity + (127,000 + 30,000)
630,000 = Equity + 157,000
Equity = 630,000 - 157,000
= $473,000
