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7. What is total shareholders equity based on the following account balances? Common Shares $450,000 $2.25 Preferred Shares 90,000 Retained Earnings 190,000 Dividends Payable 10,000

7. What is total shareholders equity based on the following account balances?

Common Shares $450,000

$2.25 Preferred Shares 90,000

Retained Earnings 190,000

Dividends Payable 10,000

$740,000
$720,000
$730,000
$640,000
None of the above.

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