Please show me your work. I’m stuckA company’s January 1, 6 balance sheet reported total assets of $128,000 and total liabilities of $32,000. During January 2016, the following transactions occurred: (A) the company issued stock and collected cash totaling $38,000, (B) tie company paid an account payable of $6, 800; (C) the company purchased supplies for $1, 800 with cash; (D) the company purchased land for $2,000 paying $18,000 with cash and signing a note payable for the balance. What is total stockholders’ equity after the transaction above? $38,000 $96,000 $209, 200 $134,000Show transcribed image text A company’s January 1, 6 balance sheet reported total assets of $128,000 and total liabilities of $32,000. During January 2016, the following transactions occurred: (A) the company issued stock and collected cash totaling $38,000, (B) tie company paid an account payable of $6, 800; (C) the company purchased supplies for $1, 800 with cash; (D) the company purchased land for $2,000 paying $18,000 with cash and signing a note payable for the balance. What is total stockholders’ equity after the transaction above? $38,000 $96,000 $209, 200 $134,000
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