According to their balance sheets, both Widgets Inc. and Sprockets Inc. have total assets of $$1\mathrm{.}2$ million. However, Widgets has total liabilities of $$350,000,$ while Sprockets has total liabilities of $$500,000.$ Assuming both firms' balance sheets correctly balance, which of the following statements is accurate?

Widgets' total stockholder's equity is less than Sprockets.

Widgets' total stockholder's equity is greater than Sprockets.

Widgets' retained earnings are greater than Sprockets.

Widgets' retained earnings are less than Sprockets.