Baltimore Company reports total assets and total liabilities of $246,000 and $110,000, respectively, at the conclusion, of its first year of business....

Baltimore Company reports total assets and total liabilities of $246,000 and $110,000, respectively, at the conclusion, of its first year of business. The company earned $73,500 during the first year, and distributed $26,000 to shareholders as dividends. How much did shareholders initially invest in the business?