Wiley Hill opened Hill's Repairs on March 1 of the current year. During March, the following transactions occurred:1. Wiley invested $25,000 cash in the business in exchange for common stock. 2. Wiley contributed $100,000 of equipment to the business in exchange for common stock. 3. The company paid $2,000 cash to rent office space for the month of March. 4. The company received $16,000 cash for repair services provided during March. 5. The company paid $6,200 for salaries for the month of March. 6. The company provided $3,000 of services to customers on account. 7. The company paid cash of $500 for utilities for the month of March. 8. The company received $3,100 cash in advance from a customer for repair services to be provided in April. 9. The company paid $5,000 in cash
dividends. Based on this information, the total amount of stockholders' equity reported on the balance sheet at the end of March would be:
A. $8,400.
B. $13,500.
C. $133,400.
D. $130,300.
E. $125,300.
Answer: D
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