Racer Corporation's December 31 2021 Balance Sheet Showed the Following

Racer Corporation's December 31 2021 balance sheet showed the following: 6% preferred stock $20 par value cumulative $\begin{array} { l } \text {40,000 shares authorized; 25,000 shares issued }&\$500,000\\\text { Common stock, \( \$ 10 \) par value, \( 4,000,000 \) shares authorized; }&\\\text { \( 2,600,000 \) shares issued, \( 2,560,000 \) shares outstanding}&26,000,000\\\text {Paid-in capital in excess of par value - preferred stock }&80,000\\\text {Paid-in capital in excess of par value - common stock }&37,000,000\\\text { Retained earnings}&12,200,000\\\text { Treasury stock (40,000 shares) }&840,000\\\end{array}$
Racer's total stockholders' equity was

A) $76620000.
B) $63580000.
C) $75780000.
D) $74940000.