Richard Company had 102,000 shares of $5 par value common stock issued and outstanding before repurchasing 10,200 shares for $76,500. Richard had received $2,040,000 cash from shareholders from the issuance of its common stock. Which of the following statements is true?
a. Richard's total paid in capital is $510,000.
b. Richard's total paid in capital is $2,116,500.
c. Richard's common stock account balance is $433,500.
d. Richard's total stockholder's equity is $2,116,500.