Question 28 Not yet answered Marked out of 2.50 In the 1st year of operations, Parrott Enterprises had the following transactions in 2020 Issued 31,000 shares of common stock. Stock has par value of $1.00 per share and was issued at $20.00 per share. Earned net income of $70,000. Paid no dividends. At the end of 2020, what is total stockholders' equity? . Flag question Select one: a. $70,000 b. $31,000 c. $690,000 d. $620,000 Question 40 GMC Enterprises issued 10,000 shares of common stock on January 1, 2020. The stock has no par value and was issued at $17 per share. The journal entry for this transaction includes a Not yet answered Marked out of 2.50 Select one Remove to CR Cash for $170,000 and CR Common Stock--No-Par Value for $170,000 b. DR Cash for $170,000 and CR Paid-In Capital in Excess of Par-Common for $170,000