The O'Solemare Resort, currently has common stock of $250,000, additional paid-in capital of $875,000, and retained earnings of $80,000. On December 21 of 20X8, it issues 15,000 shares of $10 par common stock at $30 per share. Based on this information, you can calculate the value of the stock equity as per that date as follows:

Common stock	$400,000
Paid-in capital in excess of par	$875,000
Retained earnings	$80,000
Total stockholders' equity	$1,355,000

Common stock	$250,000
Paid-in capital in excess of par	$875,000
Retained earnings	$80,000
Total stockholders' equity	$1,205,000

Common stock	$300,000
Paid-in capital in excess of par	$1,000,000
Retained earnings	$80,000
Total stockholders' equity	$1,380,000

Common stock	$400,000
Paid-in capital in excess of par	$1,175,000
Retained earnings	$80,000
Total stockholders' equity	$1,655,000