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What is total stockholders' equity given the following information? Capital stock, $1 par, 60,000 common shares authorized, 40,000 shares issued and 28,000 shares outstanding: $40,000

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What is total stockholders' equity given the following information? Capital stock, \$1 par, 60,000 common shares authorized, 40,000 shares issued and 28,000 shares outstanding: $40,000 Paid-in-capital-in-excess of par Treasury stock (12,000 common shares at cost) Retained earnings 1,500,000120,0003,000,000 $4,420,000 $4,660,000 $1,540,000 $4,470,000

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