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On March 31, Year 3, Lemon Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,020,000 shares authorized

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On March 31, Year 3, Lemon Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,020,000 shares authorized 190,000 shares issued, 140,000 shares outstanding $190,000 Paid-In Capital in Excess of Par-Common Retained Earnings Treasury stock, 15,000 shares at $38 2,480,000 4,730,000 (570,000) $6,830,000 Total Stockholder's Equity Assume that Lemon sells 1200 shares of treasury stock at $42 per share. What is total stockholders' equity after this transaction? $6,834,800 $6,779,600 $6,880,400 $6,825,200

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