Refer to the information presented above for Coral Cleaners, Inc. If Coral repurchased 500 shares of its common stock for $20 per share, what is the amount of total stockholders' equity after this transaction?

Coral Cleaners, Inc. Coral Cleaners reported the following information in the stockholders' equity section of its December 31, 2011, balance sheet. 7% Cumulative, non-participating preferred stock, $100 par, 500 shares authorized, issued, and outstanding, callable at $50,000 par value Common stock, $12 par, 100,000 shares authorized 600,000 Additional paid-in capital 25,000 825,000 Retained earnings Refer to the information presented above for Coral Cleaners, Inc. If Coral repurchased 50o shares of its common stock for $20 per share, what is the amount of total stockholders' equity after this transaction? O a. $1,494,000 O b. $1,510,000 O c. $1,490,000 O d. $1,500,000