Reference no: EM132472549

Vaughn Corporation's December 31, 2018 balance sheet showed the following:

9% preferred stock, $20 par value, cumulative, 9800 shares authorized;

8300 shares issued$ 166000Common stock, $10 par value, 970000 shares authorized;

920000 shares issued, 910000 shares outstanding                      9200000

Paid-in capital in excess of par-preferred stock                           36000

Paid-in capital in excess of par-common stock                         11490000

Retained earnings                                                               3710000

Treasury stock (14800 shares)                                              310800

Question 1: Determine what Vaughn's total stockholders' equity was?

Option 1: $24291200.

Option 2: $24321200.

Option 3: $24342200.

Option 4: $24921200.