Presented Below Is the Stockholders' Equity Section of Oaks Corporation

Multiple Choice

Presented below is the stockholders' equity section of Oaks Corporation at December 31, 2014: During 2015, the following transactions occurred relating to stockholders' equity:3,000 shares were reacquired at $28 per share.3,000 shares were reacquired at $35 per share.1,800 shares of treasury stock were sold at $30 per share.For the year ended December 31, 2015, Oaks reported net income of $450,000. Assuming Oaks accounts for treasury stock under the cost method, what should it report as total stockholders' equity on its December 31, 2015, balance sheet?

A) $1,865,000.
B) $1,861,400.
C) $1,857,800.
D) $1,415,000.