Using the following information, calculate Carolina Inc.'s total stockholder's equity.

Using the following information, calculate Carolina Inc.'s total stockholder's equity.

Additional paid-in-capital = $7,000

Accounts Payable = $1,400

Total Expenses = $5,000

Preferred stock, at par = $1,600

Treasury Stock = $600

Dividends = $1,000

Retained Earnings, beginning = $6,400

Additional paid in capital preferred = $500