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Mango, Inc. had the following transactions in its first year of operations: Issued 30,000 shares of common stock. Stock has par value of $1.00 per
Mango, Inc. had the following transactions in its first year of operations: Issued 30,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $26.00 per share. Earned net income of $71,000. Paid no dividends. At the end of the first year, what is total stockholders' equity? $30,000 $851,000 $780,000 $71,000
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