On January 1, 2023, Anson Company started the year with a $300,000 credit balance in Retained Earnings, a $50,000 balance in Common Stock, and a $300,000 balance in Additional Paid-in Capital. During 2023, the company earned net income of $45,000, declared a dividend of $15,000, and issued 900 additional shares of stock (par value of $1 per share) for $10,000. What is total stockholders’ equity on December 31, 2023?
a. $692,500.
b. $695,000.
c. $690,000.
d. None of the above.