1) Carter Company has the following items: repurchased shares, $120,000; common stock, $825,000; deferred income taxes, $185,000, retained earnings, $430,000, and paid in capital in excess of par $200,000. What total amount should Carter Company report as stockholders' equity?

A) $1,270,000

B) $1,760,000

C) $1,575,000

D) $1,335,000

E) none of the above

16. In 2020 Wright Corporation had revenues of $525,000, expenses of $150,000, and declared dividends of $85,000. What is the impact to Retained Earnings?

A) increase of $290,000

B) increase of $460,000

C) decrease of $290,000

D) decrease of $460,000

E) none of the above