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Company A had the following balances in its stockholders' equity accounts on December 31, 2009: Common stock, $10 par $170,000 Contributed capital in excess of

Company A had the following balances in its stockholders' equity accounts on December 31, 2009:

Common stock, $10 par $170,000
Contributed capital in excess of par 350,000
Retained earnings 400,000
Treasury stock, 500 shares (7,000)
Total stockholders' equity $913,000

The following transactions occurred during 2010: January 15, sold and issued 2,000 shares of common stock for $15 per share; February 16, sold 500 shares of treasury stock for $18 per share; and March 21, declared a $0.50 per share cash dividend on common stock. Total net income reported for 2010 was $80,000.

Given the above information, what is the total stockholders' equity reported on the balance sheet on December 31, 2010?

A. $1,029,250

B. $1,022,250

C. $950,500

D. $1,022,500

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