Question: On March 3 1 , Year 3 , Lemon Inc. shows the following data on its balance sheet: Assume that Lemon sells 1 1 0

On March 31, Year 3, Lemon Inc. shows the following data on its balance sheet:
Assume that Lemon sells 1100 shares of treasury stock at $35 per share. What is total
stockholders' equity after this transaction?
$7,051,200
$7,087,500
$7,046,800
$7,010,500
On March 31, Year 3, Lemon Inc. shows the following data

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