Morrison Hotels, Inc. has current assets of $750,000; net fixed assets of $5,500,000; revenues of $2,750,000; current liabilities of $350,000; net income of $625,000; and long-term debt of $3,250,000. Calculate Morrison Hotel's shareholder equity.

Group of answer choices

$225,000

None of these are correct.

$2,650,000

$3,250,000

$1,750,000