Splish Brothers Inc. began the year 2022 with $151200 in its Common Stock account and a debit balance in Retained Earnings of $64800. During the year, the company earned net income of $32400, and declared and paid $10800 of dividends. In addition, the company sold additional common stock amounting to $39600. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022?

Equity will icnrease by 61,200 dollars

Explanation:

             Common StockRet EaringsTotal

Balance Jan 1151,200            -64,80086,400

Net Earnings                             32,40032,400

Dividends                             -10,800-10,800

Stock issued           39,600                           39,600  

Balance, Dec 31190,800           -43,200147,600

The net change in equity will be:

147,600 - 86,400 = 61,200

$51.75

Explanation: na