Question
Presented below is the stockholders' equity section of Bonita Industries at December 31, 2017: Common stock, par value $20; authorized 75,000 shares; issued and outstanding
Presented below is the stockholders' equity section of Bonita Industries at December 31, 2017: Common stock, par value $20; authorized 75,000 shares; issued and outstanding 44800 shares $ 896000 Paid-in capital in excess of par value 355000 Retained earnings 495000 $1746000 During 2018, the following transactions occurred relating to stockholders' equity: 3000 shares were reacquired at $29 per share. 3000 shares were reacquired at $34 per share. 1900 shares of treasury stock were sold at $31 per share. For the year ended December 31, 2018, Bonita reported net income of $442000. Assuming Bonita accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its December 31, 2018, balance sheet?
A)$1615900.
B)$2057900.
C)$2050800.
D)$2054400.
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