Bonita, Inc. paid $129000 to buy back 8600 shares of its $1 par value common stock. This stock was sold later at a selling price of $11 per share. The entry to record the sale includes a

credit to Paid-in Capital from Treasury Stock for $8600.

debit to Retained Earnings for $34400.

credit to Retained Earnings for $8600.

debit to Paid-in Capital from Treasury Stock for $129000.

BonitaCorporation was organized on January 2, 2021. During 2021, Bonita issued 39300 shares at $24 per share, purchased 6400 shares of treasury stock at $26 per share, and had net income of $595000. What is the total amount of stockholders equity at December 31, 2021?

$1407800

$1384600

$1247800

$1371800