On January 1, 2011, Anson Company started the year with a ($ 250,000) credit balance in Retained
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On January 1, 2011, Anson Company started the year with a \(\$ 250,000\) credit balance in Retained Earnings and a \(\$ 300,000\) balance in Contributed Capital. During 2011, the company earned net income of \(\$ 50,000\), declared a dividend of \(\$ 15,000\), and issued more stock for \(\$ 12,500\). What is total stockholders' equity on December 31, 2011 ?
a. \(\$ 692,500\).
c. \(\$ 585,000\).
b. \(\$ 597,500\).
d. None of the above.
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