14 General Shades, Inc. was organized on January 1, 2019. The company was authorized to issue 4,350,000 shares of $12 par value common stock. During January General Shades issued 50,000 shares at $22 per share. In March, the company issued 60,000 shares at $34 per share, and in May, it issued 55,000 shares at $42 per share. On August 14, General Shades purchased 10,000 shares (to hold in treasury) at $42 per share and then on September 14, it sold 10,000 of these shares held in treasury for $54 per share. General Shades had no other transactions affecting paid-in capital. What is total stockholder's equity on August 1, 2019 and September 30, 2019? Select one: a. $1,980,000; $1,980,000 b. $5,450,000; $5,570,000 c. $3,470,000; $3,590,000 d. $5,450,000; $5,870,000 Kleinco, Inc. issued $1,800,000 fifteen-year, 5% bonds. The proceeds of the issuance will be used to invest in state-of-the-art freezers in all of its stores. At the time of the issuance, the market rate was 6%. What is Kleinco's total interest expense over the life of the bonds, assuming annual interest payments? a. 1,433,166 b. 1,524,820 d. 1,625,180