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15. Kendrick Corporation was organized on January 2, 2011. During 2011, Kendrick issued 20,000 shares at $24 per share, purchased 3,000 treasury shares at $25

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15. Kendrick Corporation was organized on January 2, 2011. During 2011, Kendrick issued 20,000 shares at $24 per share, purchased 3,000 treasury shares at $25 per share, and had net income of $300,000. What is the total amount of equity at December 31, 2011? (3 Points) $720.000 $702,000 S640.000 $705,000

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