Problem
A company's January 1, 2022 balance sheet reported total assets of $116,000 and total liabilities of $43,000. During January 2022, the following transactions occurred:
1. The company issued stock and collected cash totaling $26,000;
2. The company paid an account payable of $5,600;
3. The company purchased supplies for $2,400 with cash;
4. The company purchased land for $46,000, paying $13,000 with cash and signing a note payable for the balance.
What is total stockholders' equity after the transactions above?