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16) Milton, Inc. had the following transactions in 2019, its first year of operations: Issued 8000 shares of common stock. Stock has par value of

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16) Milton, Inc. had the following transactions in 2019, its first year of operations: Issued 8000 shares of common stock. Stock has par value of $0.01 per share and was issued at $40.00 per share. Earned net income of $200,000. Paid dividends of $8.00 per share. At the end of 2019, what is total stockholders' equity? A) $320,000 B) $456,000 C) $136,000 D) $584,000

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