On March 31, 2018, Water Front, Inc. shows the following data on its balance sheet:

Stockholders' Equity
Common Stock, $1 Par, 1,180,000 shares authorized
240,000 shares issued, 230,000 shares outstanding	$240,000
Paid-In Capital in Excess of Par-Common	2,560,000
Retained Earnings	4,790,000
Treasury stock, 15,000 shares at $40	(600,000)
Total Stockholders' Equity	$6,990,000

Assume that Water Front sells 1500 shares of treasury stock at $33 per share. What is total stockholders' equity after this transaction?

		$6,979,500
		$6,940,500
		$7,000,500
		$7,039,500