Orlando Corporation incorporated on January 2 of the current year. During the year, Orlando had the following transactions: issued 50,000 shares of common stock at $25 per share. The par value per share is $1. purchased 2,000 shares of treasury stock at $24 per share . had net income of $400,000. What is the total amount of stockholders' equity as of December 31 of the current year? O A. $1,298,000 O B. $1,650,000 O C. $1,250,000 O D. $1,602,000