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August, Inc. had the following transactions in 2018, its first year of operations: Issued 21,000 shares of common stock. The stock has par value of
August, Inc. had the following transactions in 2018, its first year of operations: Issued 21,000 shares of common stock. The stock has par value of $2.00 per share and was issued at $14.00 per share. . Issued 1,800 shares of $120.00 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? O A. $547,000 B. $258,000 C. $252,000 D. $510,000
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