Smith Company has the following balances at the beginning of the current year, 2025: Common Stock $424,000 Paid-In Capital Excess of Par $130,000 Retained Earnings $184,000 During the year, the company declared and paid dividends of $39,000 and had net income at the end of the year of $220,000. The company had also understated Salaries Expense from last period by $12,000. What is the ending total stockholders' equity (assume no transactions related to common stock occurred)? OA. $919,000 B. $871,000 C. $922,000 D. $907,000

Smith Company has the following balances at the beginning of the current year, 2025: During the year, the company declared and paid dividends of $39,000 and had net income at the end of the year of $220,000. The company had also understated Salaries Expense from last period by $12,000. What is the ending total stockholders' equity (assume no transactions related to common stock occurred)? A. $919,000 B. $871,000 C. $922,000 D. $907,000