Question $28$

$2$ pts

Presented below is information related to Hale Corporation:

$\backslash$table$[[$Common Stock, $$1$ par,$$3,500,000],[$Paid$-$in Capital in Excess of Par $-$ Common Stock,$550,000],[$Preferred $\frac{81}{2}\%$ Stock, $$50$ par,$2,000,000],[$Paid$-$in Capital in Excess of Par $-$ Preferred Stock,$400,000],[$Retained Earnings,$1\mathrm{.}500,000],[$Treasury Common Stock $($at cost$),150,000]]$

The total stockholders' equity of Hale Corporation is

$$6,450,000$

$$7,800,000$

$$6,300,000$

$$7\mathrm{.}950,000$