Coral Cleaners, Inc Coral Cleaners reported the following information in the stockholders' equity section of its December 31, 2011, balance sheet. 7% Cumulative, non-participating preferred stock, $100 par, 500 shares authorized, issued, and outstanding, callable at par value $ 50,000 Common stock, $12 par, 100,000 shares authorized 600,000 Additional paid-in capital 25,000 Retained earnings

825,000 Refer to the information presented above for Coral Cleaners, Inc If Coral repurchased 500 shares of its common stock for $20 per share, what is the amount of total stockholders' equity after this transaction?
A) $1,510,000
B) $1,500,000
C) $1,494,000
D) $1,490,000


D

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