Transactions that affected Barter Company’s stockholders’ equity during 2015, the first year of operations, follow.
(a) Issued 50,000 shares of $3 par common stock at $33.
(b) Purchased 6,000 shares of its own common stock at $35.
(c) Reissued 1,000 shares of treasury stock at $37. Dividends of $15,000 were paid in 2015, and net income for 2015 was $185,000.
What is total stockholders’ equity at the end of $2015?
a) $1,662,000
b) None of these
c) $1,820,000
d) $1,477,000
e) $1,645,000