Sunland Company December 31, 2017 balance sheet showed the following:

6% preferred stock, $10 par value, cumulative,
35000 shares authorized; 16000 shares issued	$ 160000
Common stock, $10 par value, 4,000,000 shares authorized;
2,600,000 shares issued, 2,560,000 shares outstanding	26000000
Paid-in capital in excess of par value - preferred stock	74000
Paid-in capital in excess of par value - common stock	28100000
Retained earnings	9750000
Treasury stock (26000 shares)	572000

Sunland total stockholders' equity was

a) $52152000.

b) $64352000.

c) $63512000.

d) $65192000.