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....

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