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Orlando Corporation incorporated on January 2 of the current year. During the year, Orlando had...

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Accounting

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Orlando Corporation incorporated on January 2 of the current year. During the year, Orlando had the following transactions: - Issued 20,000 shares of common stock at $25 per share. The par value per share is $1. - Purchased 1,000 shares of treasury stock at \$27 per share. - No dividends were declared during the year. - The net income of $400,000. What is the total amount of stockholders' equity as of December 31 of the current year? A. $500,000 B. $900,000 C. $527,000 D. $873,000

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