Dillinger Inc A) $12,252,000
B) $14,000,000
C) $4,752,000
D) $3,500,000

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 its balance sheet is shown below. What will the retained earnings figure be immediately after the sale of the new equity? $$\begin{array} { l l } \text { Common stock; } \$ 1 \text { par value; authorized, 3,000,000 shares; issued and } \\\text { outstanding, 3,000,000 shares } & \$ 3,000,000 \\\text { Additional paid-in capital } & \$ 6,500,000 \\\text { Retained earnings } & \$ 4,752,000 \\\text { Total stockholders' equity } & \$ 14,252,000\end{array}$$

A) $12,252,000
B) $14,000,000
C) $4,752,000
D) $3,500,000