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What is the total amount of stockholders equity at december

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Question 1: Karl Corporation was organized on January 2, 2017. During 2017, Karl issued 40000 shares at $24 per share, purchased 6000 shares of treasury stock at $26 per share, and had net income of $600000. What is the total amount of stockholders' equity at December 31, 2017?

Option 1: $1280000

Option 2: $1404000

Option 3: $1440000

Option 4: $1416000

Reference no: EM132508486

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