Problem:
Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $10,000 in expenses. Stahl issued stock of $3,000 and paid dividends of $5,000 during the year.
Required:
Stockholders' equity changed by what amount from the beginning of the year to the end of the year?
Select one:
A. $3,000.
B. $1,000.
C. $15,000.
D. $4,000.
Note: Please show how you came up with the solution.