Jordan Corporation

On January 1, 2006, two individuals invested $500,000 each to form Jordan Corporation.  Jordan had total revenues of $200,000 during...

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On January 1, 2006, two individuals invested $500,000 each to form Jordan Corporation.  Jordan had total revenues of $200,000 during 2006 and $250,000 during 2007.  Total expenses for the same periods were $120,000 and $140,000 respectively.  Cash dividends paid out to stockholders totaled $20,000 in 2006 and $25,000 in 2007.  What was Jordan’s total stockholders' equity at the end of 2006 and 2007?

            A)  $1,000,000 and $1,065,000 respectively.

            B)   $1,060,000 and $1,145,000 respectively.

            C)   $1,100,000 and $1,170,000 respectively.

            D)  $1,210,000 and $1,410,000 respectively. 

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