At the beginning of the year, total stockholders' equity for Ace Company was $540,000. The company has outstanding 10.000 shares of $1 par value common stock, originally issued for $5 per share. During the year, the company reacquired 600 shares of stock for $7 per share and later reissued 300 shares for $8 per share. On December 31. stockholders' equity will equal: $540,000 $549, 700 $588, 200 $538, 200