On March 31, 2017, Park Place, Inc shows the following data on its balance sheet

Stockholders' Equity
Common Stock, $1 Par, 1,180,000 shares authorized
240,000 shares issued, 230,000 shares outstanding $240,000
Paid-In Capital in Excess of Par-Common 2,560,000
Retained Earnings 4,790,000
Treasury stock, 15,000 shares at $40 -600,000
Total Stockholder's Equity $6,990,000

Assume that Park Place sells 1,500 shares of treasury stock at $33 per share. What is total stockholders' equity after this transaction?
A) $6,940,500
B) $7,039,500
C) $6,979,500
D) $7,000,500

B .B)
Total stockholder's equity $6,990,000
Sale of treasury stock 49,500
Total equity after the sale of stock $7,039,500