On March31, 2017, ParkPlace, Inc. shows the following data on its balancesheet:

Stockholders' Equity
CommonStock, $1Par, 1,180,000 shares authorized
240,000 sharesissued, 230,000 shares outstanding	$240,000
Paid-In Capital in Excess of Parlong dashCommon	2,560,000
Retained Earnings	4,790,000
Treasurystock, 15,000 shares at$40	minus 600,000
TotalStockholder's Equity	$6,990,000

Assume that Park Place sells1,500 shares of treasury stock at$33 per share. What is totalstockholders' equity after thistransaction?

A.

$6,979,500

B.

$7,000,500

C.

$6,940,500

D.

$7,039,500