In 2015, its first year of operations Chesapeake Company had the following transactions in 2015. Issued 20,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $14.00 per share. Issued 1,000 shares of $100 par value preferred stock. Shares were issued at par. Earned net income of $35,000. Paid no dividends. Paid Accounts Payable of $10,215 Purchased a truck for $10,000. Signed a 5 year promissory note for the entire amount Hired a new Vice President on December 15 for a salary of $100,000. The Vice President begins employment on January 3, 2016 At the end of 2015, what is the total amount of stockholders' equity? A) $415,000 B) $120,000 C) $260,000 D) $380,000