Shy Sally, Inc. was organized on January 1, 2019. The company was authorized to issue...
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Shy Sally, Inc. was organized on January 1, 2019. The company was authorized to issue 4,350,000 shares of $12 par value common stock. During January, Shy Sally issued 60,000 shares at $22 per share. In March, the company issued 66,000 shares at $34 per share, and in May, it issued 44,000 shares at $42 per share. On August 14, Shy Sally purchased 15,000 shares (to hold in treasury) at $42 per share and then on September 14, it sold all 15,000 of these shares held in treasury for $54 per share. Shy Sally had no other transactions affecting paid-in capital. What is total stockholder's equity on August 1, 2019 and September 30, 2019? Select one: a. $5,412,000; $5,592,000 b. $5,412,000; $6,042,000 C. $3,372,000; $3,552,000 d. $2,040,000; $2,040,000

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