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At March 31, 2010, Nicholson Store, had $1,000,000 of assets and $325,000 of liabilities. On April 10, 2010, Gaffers paid off $125,000 of its liabilities.

At March 31, 2010, Nicholson Store, had $1,000,000 of assets and $325,000 of liabilities. On April 10, 2010, Gaffers paid off $125,000 of its liabilities. Total stockholders equity at April 10, 2010, after the payment, is

a-) 550,000

b-) 600,000

c-) 675,000

d-) $1,000,000

e-) $1,125,000

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