ABC Company's total stockholders' equity at the beginning of the year was $375,000. During the year ABC reported the following: Net loss of $56,250. Stock issued in exchange for land totaling $150,000. Collections of accounts receivable $75,000. Dividends declared and paid totaling $3,750. What is ABC's total stockholders' equity at the end of the year?

$652,500

$465,000

$540,000

$315,000