General Shades, Inc. was organized on January 1, 2019. The company was authorized to issue 4,350,000 shares of $12 par value common stock. During January, General Shades issued 50,000 shares at $22 per share. In March, the company issued 60,000 shares at $34 per share, and in May, it issued 55,000 shares at $42 per share. On August 14, General Shades purchased 10,000 shares (to hold in treasury) at $42 per share and then on September 14, it sold 10,000 of these shares held in treasury for $54 per share. General Shades had no other transactions affecting paid-in capital. What is total stockholders equity on August 1, 2019 and September 30, 2019?

Select one:

a. $1,980,000; $1,980,000

b. $5,450,000; $5,870,000

c. $3,470,000; $3,590,000

d. $5,450,000; $5,570,000