The Stockholder's Equity accounts of a corporation on January 1, 2022, were as follows: Preferred Stock 5% $10 par, cumulative, 5,000 shares authorized $35,000 Common Stock $5 par, 500,000 shares authorized $750,000 Additional Paid in Capital-Preferred $205,800 Additional Paid in Capital-Common $2,220,000 Retained Earnings $857,000
During 2022, the corporation had the following transactions and events relating to its Stockholder's Equity:
Jan. 2: Purchased 2,500 shares of its own common stock to add to the Treasury at a cost of $53,750.
Feb. 21: Issued 10,000 shares of common stock in exchange for a building. On the date of the exchange, the FMV of the building was $212,000 and the stock was trading at $20.25 per share.
Mar. 21: Sold 1,000 shares of treasury stock-common for $24 per share.
Nov. 14: Issued 500 shares of preferred stock for $36,000.
Dec. 31: Stockholders of record as of December 20. There are no dividends in arrears.
What is the total stockholder's equity as of December 31, 2022?
$4,470,350
$4,468,850
$4,533,350
$4,502,550
$4,467,350