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Moretown, Inc. had the following transactions in 2017, its first year of operations: 1. Issued 40,000 shares of common stock. Stock has par value of

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Moretown, Inc. had the following transactions in 2017, its first year of operations: 1. Issued 40,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $26.00 per share. 2. Earned net income of $74,000 3. Paid no dividends Ja At the end of 2017, what is total stockholders' equity? A O A. S1,1 14,000 O B. $40,000 O C. $74,000 O D. $1,040,000 Anony 3,816 Total (3500

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