Shown below is information relating to the stockholders' equity of Reef Corporation as of December 31, 2001: (Use for questions 16-20 12% cumulative preferred stock, $100 par, callable at $108 $300,000 Common Stock, 510 par, 5,000,000 shares authorized, 60,000 shares issued and outstanding 600,000 Additional pald-in capital. common stock 400,000 Deficit (negative retained earnings) 50,000 Refer to the above data. Total stockholders' equity is @ $1.250,000 O $1.226.000 O $1,300,000 O $1.274.000