K2 Corporation Has Assets of $2,400,000, Common Stock of $624,000

Multiple Choice

K2 Corporation has assets of $2,400,000, common stock of $624,000, and retained earnings of $380,000. What are the creditors' claims on their assets?

A) $2,156,000
B) $1,004,000
C) $1,396,000
D) $2,644,000