Use the Following Information for Questions

question 106

Multiple Choice

Use the following information for questions. Instanbul Corp.has outstanding 20,000 no par value, $0.80, preferred shares and 100,000 no par value common shares.Dividends have been paid every year except last year and the current year.The carrying value of the preferred shares is $200,000 and of the common shares is $300,000.
-Presented below is information related to Madrid Corporation: The total shareholders' equity of Madrid Corporation is

• A)$6,270,000.
• B)$6,300,000.
• C)$6,390,000.
• D)$6,510,000.