Vega Corporation's December 31 balance sheet showed the following:
8% preferred stock, $20 par value, cumulative, 10,000 shares
authorized, 8,500 shares issued $ 170,000
Common stock, $10 par value, 1,000,000 shares authorized,
950,000 shares issued, 940,000 shares outstanding 9,500,000
Paid in capital in excess of par--preferred stock 34,000
Paid in capital in excess of par--common stock 13,500,000
Retained earnings 3,750,000
Treasury stock (15,000 shares) 315,000
Vega's total stockholders' equity was:
a. $26,669,000.
b. $46,690,000.
c. $26,639,000.
d. $27,269,000.