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August, Inc. had the following transactions in 2018, its first year of operations: issued 28,000 shares of common stock. The stock has a par value

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August, Inc. had the following transactions in 2018, its first year of operations: issued 28,000 shares of common stock. The stock has a par value of $3.00 per share and was issued at $18.00 per share. Issued 1,700 shares of $150.00 par value preferred stock at par. Earned net income of $39,000 Paid no dividends At the end of 2018, what is total stockholders' equity? A. $420,000 OB. $798,000 OC $339,000 OD. $750,000

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