Gold Corporation began operations on January 1, 2012. The firm was authorized to issue 300,000 shares of $5 par value common stock. During 2012, Gold had the following transactions relating to shareholders' equity:

Issued 110,000 shares of common stock at $13 per share.

Issued 65,000 shares of common stock at $16 per share.

Reported a net income of $1,050,000. Paid cash dividends of $55,000.

Purchased 45,000 shares of treasury stock at $14 per share.

What is total stockholders' equity at the end of 2012?

A- $2,835,000

B- $2,890,000

C- $3,465,000

D- $3,520,000