On august 31 of the current year, the assets and liabilities of gladstone, inc. are as follows: cash $30,000; supplies, $600; equipment, $10,000; accounts payable, $8,500. what is the amount of stockholders' equity as of august 31 of the current year?

The value of equity in economics is obtained by first adding the values of the total current assets and long-term assets and then subtracting this sum to the summation of total current liabilities and long-term liabilities.
In this case, we classify each of the given data to the following categories included in the equation above. The current asset is $30,000; long term assets are for supplies and equipment and lastly, the current liability is $8500. Substituting to the given equation for equity computation above, then
Equity = $30,000 + $600 + $10000 - $8500 = $32000

This is the amount of money to construct Gladstone, Inc.