Use the Following Information for Questions 63 Through 67

question 89

Multiple Choice

Use the following information for questions 63 through 67.
Financial statements for Kiner Company are given below: Total assets on the balance sheet at December 31, 2015 are $4,432,000. Accumulated deprecia-tion on the equipment sold was $224,000.
-Capital stock (plus any additional paid-in capital) at December 31, 2015 was

• A) $1,600,000.
• B) $1,840,000.
• C) $1,040,000.
• D) $2,480,000.