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Shown below is information relating to the stockholders' equity of Mighty Corporation as of December...

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Accounting

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Shown below is information relating to the stockholders' equity of Mighty Corporation as of December 31, 2020. $600,000 $1,200,000 8% cumulative preferred stock, $100 par, 75,000 shares authorized Common stock, $10 par, 500,000 shares authorized; 120,000 shares issued and outstanding Additional paid-in capital: preferred stock Additional paid-in capital: common stock Retained earnings $200,000 $600,000 $50,000 Total stockholders' equity equals? Select one: O a. $2,650,000 b. $1,850,000 c. $2,600,000. d. 51,800,000

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