Street Company issued 500,000 shares of common stock with a par value of $1 per share for $20 per share on January 15th. On December 18th, it repurchased 50,000 shares for $25 per share. Ignoring any retained earnings balance and assuming no other stock-related transactions took place, what is the ending balance in the stockholders' equity section of Street's balance sheet?

a. $0

b. $1,250,000

c. $8,750,000

d. $10,000,000

e. $11,250,000