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Tiger Company’s stockholders’ equity at the beginning of the year was $193,000. During the year Tiger reported the following: |
| Net income of $97,000. |
| Dividend declarations totaling $18,800. |
| Issued stock to stockholders in exchange for $51,000 cash. |
| Stockholders sold some of their stock to other stockholders for $12,800 cash. |
| What is Tiger’s stockholders’ equity at the end of the year? |
| $341,000 | |
| $322,200 | |
| $316,200 | |
| $335,000 |