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Gold Corporation began operations on January 1. 2012. The firm was authorized to issue 600.000 shares of $6 par value common stock. During 2012, Gold
Gold Corporation began operations on January 1. 2012. The firm was authorized to issue 600.000 shares of $6 par value common stock. During 2012, Gold had the following transactions relating to shareholders' equity: Issued 300,000 shares of common stock at $12 per share. Issued 210,000 shares of common stock at $16 per share. Reported a net income of $2, 700,000. Paid cash dividends of $100,000. Purchased 95,000 shares of treasury stock at $18 per share. What is total stockholders' equity at the end of 2012? $4, 490,000 $7, 850,000 $9, 560,000 $7, 950,000
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