On December 31, 2016, Krug Company reported stockholders' equity of $380,000 prior to the following adjusting entries:

Depreciation expense: $50,000;

Accrued sales revenue: $48,000;

Accrued expenses: $24,000;

Used insurance: $4,000; the insurance was initially recorded as prepaid.

Rent revenue earned: $2,000; the rent was initially prepaid by the tenant and credited to unearned rent revenue.

How much is Krug's stockholders' equity after the adjusting entries?

$352,000.

$402,000.

$380,000.

$372,000.