What is total stockholders equity after this transaction

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Problem

On March 31, Year 3, Lemon Inc. shows the following data on its balance sheet: Stockholders' Equity Common Stock, $1 Par, 1,130,000 shares authorized 180,000 shares issued, 160,000 shares outstanding $180,000 Paid-In Capital in Excess of Par-Common 2,480,000 Retained Earnings 4,740,000 Treasury stock, 12,000 shares at $40 (480,000) Total Stockholder's Equity $6,920,000 Assume that Lemon sells 1700 shares of treasury stock at $35 per share. Get the instant assignment help. What is total stockholders' equity after this transaction?

Reference no: EM133934170

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