7. Levine Corp. was organized on January 1, 2018. The following information is available: On January 1, 2018, it issued 400,000 shares of no-par common stock for $20 per share. From January 1, 2018 through December 31, 2020, Levine reported net income of $4,000,000. From January 1, 2018 through December 31, 2020, Levine declared dividends of $275,000, out of which $200,000 was paid. In April of 2020, Levine bought back 20,000 shares of its common stock at $30 per share. In August of 2020, Levine reissued 15,000 treasury shares for $32 per share. What should be Levine's total stockholders' equity balance at 12/31/20? A. $10,645,000 B. $11,605,000 C. $11,680,000 D. $11,125,000 E. $11,725,000