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Orlando Corporation incorporated on January 2 of the current year. During the year, Orlando had the following transactions: Issued 2 0 , 0 0 0

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Orlando Corporation incorporated on January 2 of the current year. During the year, Orlando had the following transactions:
Issued 20,000 shares of common stock at $25 per share. The par value per share is $1.
Purchased 1,000 shares of treasury stock at $27 per share.
No dividends were declared during the year.
The net income of $400,000.
What is the total amount of stockholders' equity as of December 31 of the current year?
A. $900,000
B. $500,000
C. $527,000
D. $873,000
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