A company reported total stockholders' equity of $550,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company reported net income of $61,000, declared and paid a cash dividend of $19,000, declared and distributed a 10% stock dividend with a $16,000 total market value, issued additional common stock for $80,000, and resold treasury stock for $16,000 that it had purchased in 2018 for $13,000. What is total stockholders' equity as of December 31, 2019?

Multiple Choice:

• $675,000.

• $691,000.

• $685,000.

• $688,000.