Presented below is information related to Putnam Corporation at December 31, 2018:

Common stock, $1 par value $3,840,000

Common stock dividend distributable 1,920,000

Paid in capital-common 7,400,000

Retained earnings 2,220,000

Treasury stock at cost (5,000 shares) 625,000

Net income for 2018 350,000

Cash dividends declared during 2018 75,000

In December, 2018, Putnams Board of Directors declared a 50% stock dividend on issued shares when the common stock was selling for $130 a share. The stock dividend will be distributed in January, 2019. What is total stockholders equity of Putnam at 12/31/18?

$14,905,000.

$16,005,000.

$14,680,000.

$15,030,000.

$14,755,000.