Given: Zapper’s beginning equity of $279,000
Net Income of $62,000
Dividends of $51,000
Investments by stockholders of $17,000
Formula: Beginning equity + Investments + Net Income – Net Loss – Withdrawals = Ending Equity
Solution: $279,000 + $17,000 + $62,000 - $51,000 = $307,000
Zapper’s ending equity is $307,000