Zinc Co.’s adjusted trial balance at December 31, 2006, includes the following account balances:
align=”left”>
|
Common stock, $3 par |
$600,000 |
|
Additional paid-in capital |
800,000 |
|
Treasury stock, at cost |
50,000 |
|
Net unrealized loss on available-for-sale securities |
20,000 |
|
Retained earnings: appropriated for uninsured earthquake losses |
150,000 |
|
Retained earnings: unappropriated |
200,000 |
What amount should Zinc report as total stockholders’ equity in its December 31, 2006 balance sheet?
- $1,680,000
- $1,720,000
- $1,780,000
- $1,820,000