These account balances at December 31 relate to Sportaid, Inc.:
|
Accounts Payable |
$ 51,700 |
Paid in Capital in Excess of Par—Common |
$280,000 |
|
Accounts Receivable |
81,350 |
Preferred Stock, 10%, $100 Par |
89,000 |
|
Common Stock |
313,000 |
Retained Earnings |
71,800 |
|
Treasury Stock |
5,000 |
Notes Receivable |
12,500 |
|
Bonds Payable |
3,400 |
What is total stockholders’ equity for Sportaid, Inc.?
a. $753,800
b. $758,800
c. $748,800
d. $764,735
e. None of the above.