On May 31 of the current year, the assets and liabilities of Riser, Inc. are as follows: Cash $20,500; Accounts Receivable, $7,250; Supplies, $650; Equipment, $12,000; Accounts Payable, $9,300. What is the amount of stockholders' equity as of May 31 of the current year?
A. $20,500.
B. $49,700.
C. $31,100.
D. $40,400.
E. $13,050.
Answer: C
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