On January 1, ABC started the year with a $492,000 balance in Retained Earnings and a $605,000 balance in Common Stock. During the year, the company reported net income of $92,000, paid a dividend of $15,200, and issued more common stock for $27,500. What is total stockholders' equity at the end of the year?

A) $1,201,300. B) $1,588,300. C) $1,097,000. D) $1,231,700.

Please show steps thank you