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6 ) Midtown, Inc. had the following transactions in 2 0 2 4 , its first year of operations: Issued 3 4 , 0 0

6) Midtown, Inc. had the following transactions in 2024, its first year of operations:
Issued 34,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $19.00 per share.
Earned net income of $77,000.
Paid no dividends.
At the end of 2024, what is total stockholders' equity?
A) $34,000 B) $723,000
C) $646,000 D) $77,000
E) none of the above

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