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Midtown, Inc. had the following transactions in 2018, its first year of operations: Issued 36,000 shares of common stock. Stock has par value of $1.00
Midtown, Inc. had the following transactions in 2018, its first year of operations: Issued 36,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $24.00 per share. Earned net income of $71,000. Paid no dividends. At the end of 2018, what is total stockholders' equity? OA. $36,000 B. $71,000 OC. $864,000 OD. $935,000
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