10 On January 1, 2021, Fire in the Hole Company showed the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $140,000 Additional paid-in capital on preferred stock Common stock, $10 par $8,000 $100,000 Preferred stock, $100 par Retained earnings $60,000 $305,000 Accumulated other comprehensive income $19,000 During 2021, the following events occurred and were properly recorded by Fire in the Hole: 1. Fire in the Hole issued 2,000 shares of common stock for $35 per share. 2. Fire in the Hole issued 100 shares of preferred stock for $115 per share. 3. Fire in the Hole earned net income of $47,000. 4. Fire in the Hole reacquired 200 shares of its common stock as treasury stock at a cost of $25 per share. 5. Fire in the Hole paid a $5 per share dividend on the preferred stock and a $1.20 per share dividend on the common stock outstanding at the end of 2021. The total value of Fire in the Hole's Shareholders' Equity would be: $743,700 $738,700 $748,700 O $719,700