Answer:
The correct answer is a. $55,000.
Explanation:
This problem requires us to calculate the total stockholders' equity. Total of assets, liabilties and retain earnings is given in the question. We can calculate the stock amount by using simple balance sheet equation that is given below.
Total Assets = Total laibilities + Retain earnings + Equity
Equity = $ 85,000 - $ 21,000 - $ 9000
Total Stockholders' Equity = $ 55,000
