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A company had the following transactions during September, the first month of its operations: Issued 2 0 , 0 0 0 shares of common stock

A company had the following transactions during September, the first month of its operations:
Issued 20,000 shares of common stock in exchange for $560,000.
Purchased equipment for $280,000, using a $140,000 cash down payment and signing a note payable for the balance.
Received $1,400 from a customer for services to be performed in November.
Total monthly sales: Cash sales $70,000 Credit Sales (Acct. Receivable): $25,200
Purchased supplies on credit for $32,200.
Made a $42,000 payment on the note payable from the purchase of the land.
Collected $11,200 from customers on account.
Paid $3,500 for September employee wages.
Received a utility bill for $700 which will be paid next month.
What is total stockholders' equity at the end of September?
Select one:
a. $651,000
b. $655,200
c. $560,000
d. $625,800
e. $783,300
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