Dillinger, Inc. is planning to raise additional capital for expansion by selling 500,000 common shares at $16 each. The existing stockholders' equity section of their balance sheet is shown below. What will the retained earnings figure be immediately after the sale of the new equity? 
A) $12,252,000
B) $14,000,000
C) $4,752,000
D) $3,500,000
Correct Answer:
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