Duck Company reported the following January 1, 20x1(ie, at the beginning of the year) Duck Company Balance Sheet (Stockholders' Equity Section) January 1, 20X1 Common Stock Preferred Stock $25,000 40,000 200,000 Additional paid-in capital Retained Earnings Treasury Stock 160,000 -O- Total stockholders' equity $425,000 During 20x1 the following transactions affecting stockholders' equity took place: Issued new shares of common stock with a par value equal to $10,000 Additional pald.in capital of the new common stock which was 40,000 issued Purchases of treasury stock 20,000 Net income 35,000 Dividends declared and paid 15,000 Refer to the information given above to help you determine the amount that would appear as "Total Stockholders' Equity on the December 31, 20X1 balance sheet. You may use the template given below to help you arrive at the appropriate answer Duck Company Balance Sheet (Stockholders' Equity Section) December 31, 20X1 $ Common Stock Preferred Stock Additional paid in capital Retained Earnings Treasury Stock Total stockholders' equity