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L. Corp was organized in Year 1. It was authorized to issue 490,000 shares of $12 par common stock and 50,000 shares of 5 percent

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L. Corp was organized in Year 1. It was authorized to issue 490,000 shares of $12 par common stock and 50,000 shares of 5 percent cumulative class A preferred stock. The class A stock had a stated value of $25 per share. The following stock transactions pertain to L 1. Issued 25,000 shares of common stock for $17 per share. 2. Issued 12,000 shares of the class A preferred stock for $30 per share, 3. Issued 53,000 shares of common stock for $20 per share What is total stockholders' equity after considering all of these transactions

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