Shown below is information relating to the stockholders' equity of Douglaston Corporation at December 31, 2023. 6% cumulative preferred stock, $100 par, 50,000 shares authorized Common stock, $4.55 par, 40,000 shares authorized; 30,800 shares issued and outstanding Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings $400,000 $140.000 $100,000 $1,400,000 $120,000

What is the legal capital?

a) $660,000

b) $2,160,000

c) $2,040,000

d) $540,000