On January 1, 2006, two individuals invested $500,000 each to form Jordan Corporation. Jordan had total revenues of $200,000 during 2006 and $250,000 during 2007. Total expenses for the same periods were $120,000 and $140,000 respectively. Cash dividends paid out to stockholders totaled $20,000 in 2006 and $25,000 in 2007. What was Jordan's total stockholders' equity at the end of 2006 and 2007?
a. $1,000,000 and $1,065,000 respectively.
b. $1,060,000 and $1,145,000 respectively.
c. $1,100,000 and $1,170,000 respectively.
d. $1,210,000 and $1,410,000 respectively.