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The following selected list of accounts with their normal balances was taken from the general...

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Accounting

The following selected list of accounts with their normal balances was taken from the general ledger of Robinson Company as of December 31:
Common stock, $1 par Robinson
$ 380,000
Retained earnings
262,000
Paid-in capital in excess of par - preferred
70,000
Treasury Stock
330,000
Preferred stock, $100 par
600,000
Paid-in capital in excess of par -common
760,000
Given above information, at the end of the year:
Select one:
A. Total Paid in Capital is $1,480,000, and Total Stockholders' equity is $1,218,000
B. Total Paid in Capital is $1,480,000, and Total Stockholders' equity is $1,742,000
C. Total Paid in Capital is $1,810,000, and Total Stockholders' equity is $1,742,000
D. Total Paid in Capital is $2,140,000, and Total Stockholders' equity is $2,402,000

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