On January 1,2019,Gucci Brothers Inc.had a $500,000 credit balance in retained earnings and $600,000 balance in common stock.During 2019,the company earned net income of $100,000,declared a dividend of $15,000,and issued additional stock for $25,000.What is total stockholders' equity on December 31,2019?
A) $1,100,000.
B) $1,210,000.
C) $1,225,000.
D) $1,240,000.
Correct Answer:
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