Answer:
$236,060
Explanation:
Thompson Computer Services Statement of stockholder's equity for the year ended March 31
Beginning common stock $120,000
Add:
Additional stock purchased $25,000
Retained earnings $60,000
Net income $47,630
Less: Dividends $16,570
Ending retained earnings $91,060
(60,000+47,630-16,570)
Ending stockholder's equity $236,060
(120,000+91,060+25,000)
Calculation of Thompson Computer Services Net income
Fees earned 73,450
Less:Miscellaneous expense $1,030
Office expense 1,240
Wages expense 23,550
Balance 47,630