3. Moretown, Inc. had the following transactions in 2017, its first year of operations 1. Issued 38,000 shares of common stock. Stock has par value of $1.00 per 2. Earned net income of $75,00o. 3. Paid no dividends. At the end of 2017, what is total stockholders' equity? share and was issued at $20.00 per share O A. $760,000 @ B, $75,000 C. $835,000 D. $38,000 4. Lerner, Inc. had the following transactions in 2017, its first year of operations: 1. Issued 25,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $16 share. 2. Issued 1,700 shares of $170 par value preferred stock at par. 244- 3. Earned net income of $40,000. 4. Paid no dividends. At the end of 2017, what is total stockholders' equity? A. $364,000 B. $689,000 $325,000 D. $729,000 O c