85 Presented below is the stockholder s' equity section of Oaks Corporation at December 31 2014 Common stock , par value $20 ; authorized 75 000 shares issued and outstanding 45 000 shares $ 900 000 Paid in capital in excess of par value 350.000 Retained earnings - 300.000 1.550.000 During 2015 , the following transactions occurred relating to stockholders equity 3 000 shares were reacquired at $28 per share 3, 000 shares were reacquired at $35 per share 1 800 shares of treasury stock were sold at $30 per share For the year ended December 31 , 2015 , Oaks reported net income of $450,000 Assuming Oaks accounts for treasury stock under the cost method , what should it report as total stockholders equity on its December 31 2015 , balance sheet ? 2 . $1 865 000 b . $1 861 400 C. $1 857 800 d. $1 415 000