On December $1,2026,$ Pharoah Corporation exchanged $53500$ shares of its $$10$ par value common stock held in treasury for a used machine. The treasury shares were acquired by Pharoah at a cost of $$40$ per share and are accounted for under the cost method. On the date of the exchange, the common stock had a fair value of $$55$ per share $($the shares were originally issued at $$30$ per share$).$ As a result of this exchange, Pharoah's total stockholders' equity will increase by

$$535000.$

$$2942500.$

$$2140000.$

$$2407500.$