Puffin Co. began the year with assets of $103,000 and liabilities of $76,500. During the year assets increased by $12,600 and liabilities decreased by $9300.What is the amount of Puffin's stockholders' equity at the beginning of the year?
A. $103,000
B. $90,400
C. $26,500
D. $99,000
Answer: C
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