August, Inc. had the following transactions in 2018, its first year of operations: Issued 25,000 shares of common stock. The stock has par value of $2.00 per share and was issued at $17.00 per share. Issued 1,500 shares of $150.00 par value preferred stock at par. Earned net income of $37,000. . Paid no dividends. At the end of 2018, what is total stockholders' equity? OA. $275,000 OB. $375,000 C. $650,000 OD. $687,000 13