August, Inc. had the following transactions in 2024, its first year of operations Issued 26,000 shares of common stock. The stock has a par value of $4.00 per share and was issued at $20.00 per share. • Issued 1,600 shares of $120 par value preferred stock at par. Earned net income of $40.000. • Paid no dividends. At the end of 2024, what is total stockholders' equity?