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On March 31, 2018, Water Front,, Inc. shows the following data on its balance sheet Stockholders' Equity Common Stock, $1.00 Par, 1,070,000 shares authorized 160,000
On March 31, 2018, Water Front,, Inc. shows the following data on its balance sheet Stockholders' Equity Common Stock, $1.00 Par, 1,070,000 shares authorized 160,000 shares issued, 150,000 shares outstanding Paid In Capital in Excess of Par-Common Retained Earnings Treasury stock, 17,000 shares at $34.00 Total Stockholder's Equity $160,000 2,550,000 4,760,000 (578,000) $6,892,000 Assume that Water Front sells 1,600 shares of treasury stock at $41.00 per share. What is total stockholders' equity after this transaction? A. $6,826,400 B. $6,957,600 C. $6,880,800 D. $6,903,200 O
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