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What is the total amount of stockholders equity at december

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Question - Kagan Corporation was organized on January 2, 2014. During 2014, Kagan issued 40,000 shares at $24 per share, purchased 6,000 shares of treasury stock at $26 per share, and had net income of $600,000. What is the total amount of stockholders equity at December 31, 2014?

a. $1,280,000

b. $1,404,000

c. $1,416,000

d. $1,440,000

Reference no: EM132572347

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