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August, Inc. had the following transactions in 2024, its first year of operations: Issued 25,000 shares of common stock. The stock has a par value
August, Inc. had the following transactions in 2024, its first year of operations: Issued 25,000 shares of common stock. The stock has a par value of $2.00 per share and was issued at $15.00 per share. Issued 1,800 shares of $130 par value preferred stock at par. Earned net income of $36,000. Paid no dividends. At the end of 2024, what is total stockholders' equity? 1 A.$ 645 comma 000 $645,000 B.$ 325 comma 000 $325,000 C.$ 284 comma 000 $284,000 D.$ 609 comma 000 $609,000
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