Lerner,Inc

Lerner,Inc.had the following transactions in 2017,its first year of operations:
• Issued 25,000 shares of common stock.The stock has a par value of $2.00 per share and was issued at $14.00 per share.
• Issued 1,700 shares of $150 par value preferred stock at par.
• Earned net income of $36,000.
• Paid no dividends.
At the end of 2017,what is total stockholders' equity?

A) $641,000
B) $305,000
C) $300,000
D) $605,000