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Account balances of Machado Co. at August 31, 20X6 are as follows: $ 111,000 RICE...

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Account balances of Machado Co. at August 31, 20X6 are as follows: $ 111,000 RICE Dividends Payable.... $ 12,500 Cash Preference Shares, $150 par. 375,000 Ordinary Shares, $5 par Paid-in Capital in Excess of ParOrdinary Shares 60,000 Retained Earnings . What would Machado's total shareholders' equity be if Machado had $10,000 of treasury shares? 640,000 325,000 O A. $1,488,500 O B. $1,065,000 O C. $1,377,500 O D. $1.390.000

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