ABC Corponation incorporated on January 2 of the current year. During the yeak, ABC had the following transoctions: Issued 70,000 shares of oommon stock at $25 per share. The par value per share is $1. . Purchased 4000 shares of treasury stock at $25 per share . No dividends were declared during the year. . The net incorne of $400,000. What is the total amount of stockholders' equity as of December 31 of the current year? $1,850,000 $1,750,000 $2,050,000 $2,150,000