Coral Cleaners, Inc

Coral Cleaners, Inc.
Coral Cleaners reported the following information in the stockholders' equity section of its December 31, 2011, balance sheet.

- Refer to the information presented above for Coral Cleaners, Inc. If Coral repurchased 500 shares of its common stock for $20 per share, what is the amount of total stockholders' equity after this transaction?

A) $1,510,000
B) $1,500,000
C) $1,494,000
D) $1,490,000