A corporation purchases 1,000 shares of its own common stock for $4,000 on Feb. 13. On April 13, half of the treasury stock was sold for $3,000. On April 26, the other half of the treasury stock was sold for $1,800. The entry to record the April 26 sale would include

a debit to Paid-in Capital from the Sale of Treasury Stock for $200.

a credit to Cash for $1,800.

a debit to Treasury Stock for $2,000.

a credit to Paid-in Capital from the Sale of Treasury Stock for $1,200.

What is the total stockholders' equity based on the following data?

Common Stock	$900,000
Excess of Issue Price Over Par	375,000
Retained Earnings (deficit)	50,000

$1,275,000

$900,000

$1,225,000

$1,325,000