Bullseye, Inc., started the year with total assets of $400,000 and total liabilities of $240,000.Net income for the year is $120,000 and dividends declared and paid during the year are $90,000. A) What is the amount of Bullseye's total stockholders' equity at the end of the year?
B) Could Bullseye have paid additional dividends during the year? Explain your answer.

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The Answer of Bullseye, Inc., started the year with total assets of $400,000 and total liabilities of $240,000.Net income for the year is $120,000 and dividends declared and paid during the year are $90,000. A) What is the amount of Bullseye's total stockholders' equity at the end of the year?
B) Could Bullseye have paid additional dividends during the year? Explain your answer.