The Stockholders Equity accounts of a corporation on January 1, 2015, were as follows:

Preferred Stock (5%, $10 par, cumulative, 5,000 shares authorized) $ 35,000

Common Stock ($5 par, 500,000 shares authorized) 750,000

Additional Paid in Capital Preferred 205,800

Additional Paid inCapital Common 2,220,000

Retained Earnings 857,000

During 2015, the corporation had the following transactions and events relating to its stockholders equity.

Jan. 2 Purchased 2,500 shares of its own common stock to add to the Treasury at a cost of $53,750.

Feb. 21 Issued 10,000 shares of common stock in exchange for a building. On the date of the exchange, the

FMV of the building was $212,000 and the stock was trading at $20.25 per share.

Mar. 21 Sold 1,000 shares of treasury stock common for $24 per share.

Nov. 14 Issued 500 shares of preferred stock for $36,000.

Dec. 31 Determined that net income for the year was $226,000. 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.

1. What is total amount of dividends declared and paid in 2015?

A. $34,000

B. $31,700

C. $33,700

D. $32,000

E. $38,800

2. What is total stockholders equity as of December 31, 2015?

A. $4,467,350

B. $4,502,550

C. $4,470,350

D. $4,468,850

E. $4,533,350