A Company Reported Total Stockholders' Equity of $170,000 on Its

Multiple Choice

A company reported total stockholders' equity of $170,000 on its balance sheet dated December 31, 2014. During the year ended December 31, 2015, the company reported net income of $20,000, declared and paid a cash dividend of $4,000, declared and distributed a 10% stock dividend with a $5,000 total market value, and issued additional common stock for $40,000. What is total stockholders' equity as of December 31, 2015?

A) $234,000.
B) $226,000.
C) $231,000.
D) $221,000.