Answer:
A. $601,000
Explanation:
The numbers are missing, so I looked for a similar question:
August, Inc. had the following transactions in 2018, its first year of operations: Issued 21,000 shares of common stock. The stock has par value of $3.00 per share and was issued at $18.00 per share. Issued 1,100 shares of $170.00 par value preferred stock at par. Earned net income of $36,000. Paid no dividends. At the end of 2018, what is total stockholders' equity? A. $601,000 B. $250,000 C. $315,000 D. $565,000
Dr Cash 378,000
Cr Common stock 63,000
Cr Additional paid in capital 315,000
Dr Cash 187,000
Cr Preferred stocks 187,000
Dr Income summary 36,000
Cr retained earnings 36,000
Total stockholders' equity = $63,000 + $315,000 + $187,000 + $36,000 = $601,000
