Blackstone Buildings, Inc. had net sales of $645,000; cost of goods sold of $315,400; total assets of $686,052; and total liabilities of $450,600. Compute the owners' equity.​

Owners' Equity

Refers to the residual interest in the assets of an entity after deducting liabilities, representing the capital belonging to the owners or shareholders.

Total Liabilities

The combined amount of all debts and obligations a company owes to outside parties at a given time.

Total Assets

The aggregate of all assets owned by an entity, both current and non-current, as recorded in the financial statements.