Orlando Corporation incorporated on January 2, 2017. During 2017, Orlando had the following transaction:

- issued 70,000 shares of common stock at $45 per share. The par value per share is $1.

- purchased 5000 shares of treasury stock at $24 per share

- had net income of $400,000

What is the total amount of stockholders' equity as of December 31, 2017?

a) $3,420,000

b) $3,410,000

c) $3,430,000

d) $3,440,000