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Presented below is the stockholders' equity section of Sunland Company at December 31, 2020: Common stock, par value $20; authorized 75,000 shares; issued and outstanding
Presented below is the stockholders' equity section of Sunland Company at December 31, 2020: Common stock, par value $20; authorized 75,000 shares; issued and outstanding 44000 shares $ 880000 Paid-in capital in excess of par value 345000 Retained earnings 506000 $1731000 During 2021, the following transactions occurred relating to stockholders' equity: 3000 shares were reacquired at $28 per share. 3100 shares were reacquired at $34 per share. 1700 shares of treasury stock were sold at $30 per share. For the year ended December 31, 2021, Sunland reported net income of $455000. Assuming Sunland accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its December 31, 2021, balance sheet? O $2044100 O $2047600. O $1592600. O $2040600
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