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Shown below is information relating to the stockholders' equity of Xavier Corporation at December 31, 2020. 11% cumulative preferred stock, $130 par, 100,000 shares authorized,

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Shown below is information relating to the stockholders' equity of Xavier Corporation at December 31, 2020. 11% cumulative preferred stock, $130 par, 100,000 shares authorized, $1,300,000 10,000 shares issued Common stock, $1.25 par, 1,000,000 shares authorized $750,000 Additional paid-in capital: preferred stock $500,000 Additional paid-in capital: common stock $900,000 Retained Earnings $1,350,000 Total legal capital is: Select one: O a. $4,800,000 O b. $3,400,000 c. $2,050,000 O d. $3,450,000

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