Major Co's adjusted trial balance at December 31 . 2014, includes the following account balances: Common Stock, $3 par .............................................................................. $360,000 Additional Paid-In Capital ......................................................................... 480,000 Treasury Stock, at cost
............................................................................. 30,000 Net Unrealized Loss on Available-for-Sale Securities ................................. 12,000 Retained Earnings: Appropriated for Uninsured Earthquake Losses ............. 90,000 Retained Earnings: Unappropriated ............................................................ 120,000 What amount should Major report as total stockholders' equity in its December 31 . 2014, balance sheet?
a. $1,008,000
b. $1,032,000
c. $1,068,000
d. $1,092,000
A
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Indicate whether the statement is true or false