On January 1, 2006 two individuals invested 510000 each to form Steve Corporation. Steve had total revenues of 240000 during 2006 and 250000 during 2007. Total expenses for the same periods were 120000 and 150000. Cash dividends paid out to stockholders totaled 22000 in 2006 and 28000 in 2007. What was Steve's total stockholders equity at the end of 2006 and 2007.

To calculate Steve Corporation's total stockholders' equity at the end of 2006 and 2007, we need to consider the following components:

1. Initial investments: Two individuals invested $510,000 each to form Steve Corporation. Therefore, the initial stockholders' equity is the sum of these investments, which is $510,000 + $510,000 = $1,020,000.

2. Net Income: To calculate the net income, we need to subtract the total expenses from the total revenues for each year. So, the net income for 2006 is $240,000 - $120,000 = $120,000, and for 2007, it's $250,000 - $150,000 = $100,000.

3. Dividends: Dividends paid out to stockholders are deducted from the net income to calculate retained earnings. In 2006, dividends were $22,000, and in 2007, they were $28,000.

Now, let's calculate the stockholders' equity for each year:

For 2006:
Stockholders' equity at the beginning of the year (initial investment) = $1,020,000
Add: Net Income = $120,000
Subtract: Dividends = $22,000
Stockholders' equity at the end of 2006 = $1,020,000 + $120,000 - $22,000 = $1,118,000

For 2007:
Stockholders' equity at the beginning of the year (previous year's stockholders' equity) = $1,118,000
Add: Net Income = $100,000
Subtract: Dividends = $28,000
Stockholders' equity at the end of 2007 = $1,118,000 + $100,000 - $28,000 = $1,190,000

Therefore, Steve Corporation's total stockholders' equity at the end of 2006 is $1,118,000 and at the end of 2007 is $1,190,000.