A company's January 1, 2014 balance sheet reported total assets of $119,000 and total liabilities of $40,000. During January 2014, the following transactions occurred: (A) the company issued stock and collected cash totaling $29,000; (B) the company paid an account payable of $5,900; (C) the company purchased supplies for $2,100 with cash; (D) the company purchased land for $49,000 paying $10,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above?
A. $192,100
B. $79,000
C. $29,000
D. $108,000.
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