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The Stockholder s Equity accounts of a corporation on January 1 , 2 0 2 2 , were as follows: Preferred Stock ( 5 %

The Stockholders Equity accounts of a corporation on January 1,2022, were as follows:
Preferred Stock (5%, $10 par, cumulative, 5,000 shares authorized) $49,000
Common Stock ($5 par, 500,000 shares authorized)1,050,000
Additional Paid in Capital Preferred 288,120
Additional Paid in Capital Common 3,108,000
Retained Earnings 1,199,800
During 2022, the corporation had the following transactions and events relating to its Stockholders Equity:
Jan. 2 Purchased 3,500 shares of its own common stock to add to the Treasury at a cost of $75,250.
Feb. 21 Issued 14,000 shares of common stock in exchange for a building. On the date of the exchange, the FMV of the building was $296,800 and the stock was trading at $20.25 per share.
Mar. 21 Sold 1,400 shares of treasury stock common for $24 per share.
Nov. 14 Issued 700 shares of preferred stock for $50,400
Dec. 31 Determined that net income for the year was $316,400. Dividends were declared and paid during December. These dividends included a $0.20 per share dividend to common stockholders of record as of December 20. There are no dividends in arrears.
What is total stockholders equity as of December 31,2022?
Select one:
a. $6,256,390
b. $6,346,690
c. $6,254,290
d. $6,303,570
e. $6,258,490
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