Precision Camera Services started the year with total assets of $120,000 and total liabilities of $45,000. The revenues and the expenses for the year amounted  to $120,000 and $50,000, respectively. During the year, the company did not issue any common stock, but it distributed dividends of $70,000. What is the amount of stockholders' equity at the end of the year?  A. $75,000 B. $120,000 C. $70,000 D. $50,000

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