Ladder Distributors The stockholders' equity section of the December 31, 2019, balance sheet is provided below: Common Stock, $30 par, 20,000 shares issued and outstanding Paid-in Capital in Excess of Par--Common Stock Retained Earnings $600,000 240,000 Total Stockholders' Equity 700,000 $1,540,000 Assume that all of the 20,000 shares of stock that was issued as of December 31, 2019, was issued for $42 per share. On March 1, 2020, the company reacquired 4,000 shares of its common stock for $50 per share. Refer to Ladder Distributors. What is the total amount of stockholders' equity that will be presented on the company's March 31, 2020, balance sheet? Oa. $1,340,000 Ob. $1,708,000 Oc. $1,372,000 Od. $1,740,000