A company was registered on the stock exchange on January 2, 2015. During 2015, the company had the following transactions:

issued 30,000 shares of common stock at $25 per share. The par value per share is $1.

purchased 5,000 shares of treasury stock at $28 per share

had net income of $400,000.

What is the total amount of stockholders' equity as of December 31, 2015?

Select one:

a. $750,000

b. $610,000

c. $1,010,000

d. $1,150,000

e. I want to leave this answer blank