Weaver Corporation was organized on January 1 . 2013 . at which date it issued 100,000 shares of $10 par common stock at $15 per share. During the period January 1 . 2013 . through December 31 . 2015, Weaver reported net income of $450,000 and paid cash dividends of $230,000 . On January 10, 2015, Weaver purchased 6,000 shares of its common stock at $12 per share. On December 31 . 2015, Weaver
sold 4,000 treasury shares at $8 per share. Weaver uses the cost method of accounting for treasury shares. What is Weaver's total stockholders' equity on December 31 . 2015?
a. $1,720,000
b. $1,704,000
c. $1,688,000
d. $1,680,000
D
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