Business, 20.12.2019 18:31 ovaldez5237

Presented below is the stockholders' equity section of oaks corporation at december 31, 2012:
common stock, par value $20; authorized 75,000 shares; issued and outstanding 45,000 shares $ 900,000paid-in capital in excess of par value 250,000retained earnings 300,000$1,450,000during 2013, the following transactions occurred relating to stockholders' equity: 3,000 shares were reacquired at $28 per share.3,000 shares were reacquired at $35 per share.1,800 shares of treasury stock were sold at $30 per share.

for the year ended december 31, 2013, oaks reported net income of $450,000. assuming oaks accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its december 31, 2013, balance sheet?

a. $1,765,000.
b. $1,761,400.
c. $1,757,800.
d. $1,315,000.

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Presented below is the stockholders' equity section of oaks corporation at december 31, 2012:
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