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On March 3 1 , 2 0 2 4 , Water Front, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock,

On March 31,2024, Water Front, Inc. shows the following data on its balance sheet:
Stockholders' Equity
Common Stock, $1 Par, 1,090,000 shares authorized 240,000 shares issued, 180,000 shares outstanding
Paid - In Capital in Excess of Par-Common
Retained Earnings
Treasury stock, 60,000 shares at $36
Total Stockholders' Equity
$240,000
2,480,000
4,670,000
(2,160,000)
$5,230,000
Assume that Water Front sells 1,600 shares of treasury stock at $42 per share. What is total stockholders' equity after this transaction?
A. $5,297,200
B. $5,220,400
C. $5,162,800
D. $5,239,600
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