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On March 31, 2024, Anna's Art, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,180,000 shares authorized 230,000
On March 31, 2024, Anna's Art, Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,180,000 shares authorized 230,000 shares issued, 212,000 shares outstanding $230,000 Paid-In Capital in Excess of Par-Common 2,510,000 Retained Earnings 4,780,000 Treasury stock, 18,000 shares at $36 (648,000) Total Stockholders' Equity $6,872.000 Assume that Anna's Art sells 1,700 shares of treasury stock at $40 per share. What is total stockholders' equity after this transaction? $6,804,000 $6,936,600 $6,940,000 $6,868,600
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