Use the following information to answer questions 1-4.

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.

Using the information from above...

4. 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