Stahl Company Ltd. was incorporated as a new business on January 1, 2022. The company is authorized to issue 600,000 no par value common shares and 80,000 6%, $20 stated value, cumulative preferred shares. On January 1, 2022, the company issued 75,000 common shares for $15 per share and 5,000 preferred shares for $25 per share. Net income for the year ended December 31, 2022, was $500,000. Required: What is the amount of Stahl's total share capital at December 31, 2022?

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.