Enas Corporation provided the following information in order to prepare statement of financial position at December 31: Equity section include: share capital ordinary of 20,000 of $10 par, issued at $20 per share, Retained Earnings of $250,000; share capital preferences of 10,000 shares, $30 par, issued for $450,000; three year note payable of $100,000; share investment of $40,000 and treasury stock of $80,000. The amount that should be classified as total equity at December 31 statement of financial position is ________.

A. $1,180,000 B. $1,060,000 C. $1,020,000 D. $870,000