Cox Corporation Was Organized on January 1, 2010, at Which

Cox Corporation was organized on January 1, 2010, at which date it issued 100,000 shares of $10 par common stock at $15 per share. During the period January 1, 2010, through December 31, 2012, Cox reported net income of $450,000 and paid cash dividends of $230,000. On January 10, 2012, Cox purchased 6,000 shares of its common stock at $12 per share. On December 31, 2012, Cox sold 4,000 treasury shares at $8 per share. Cox uses the cost method of accounting for treasury shares. What is Cox's total stockholders' equity on December 31, 2012?

A) $1,720,000
B) $1,704,000
C) $1,688,000
D) $1,680,000