On january 1, zero company obtained a $52,000, 4-year, 6.5% installment note from regional bank. the note requires annual payments consisting of principal and interest of $15,179, beginning on december 31 of the current year.
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During 2013, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $33,000. The business paid dividends of $22,000. What is the amount of stockholders' equity at December 31, 2014?
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