Olmsted Company has the following items: Preferred Stock, $50,000, common stock, $900,000; treasury stock, $105,000; Employee Benefit Obligations, $125,000 and retained earnings, $454,000. What total amount should Olmsted Company report as stockholders' equity? a. $1,174,000. b. $1,299,000. c. $1,424,000. d. $1,549,000.

Olmsted Company has the following items: Preferred Stock, $50,000, common stock, $900,000; treasury stock, $105,000; Employee Benefit Obligations, $125,000 and retained earnings, $454,000. What total amount should Olmsted Company report as stockholders' equity? a. $1,174,000. b. $1,299,000 c. $1,424,000. d. $1,549,000