A Company Reported Total Stockholders' Equity of $540,000 on Its

Multiple Choice

A company reported total stockholders' equity of $540,000 on its balance sheet dated December 31, 2014. During the year ended December 31, 2015, the company reported net income of $60,000, declared and paid a cash dividend of $18,000, declared and distributed a 10% stock dividend with a $15,000 total market value, sold treasury stock costing $12,000 for $15,000, and issued additional common stock for $70,000. What is total stockholders' equity as of December 31, 2015?

A) $640,000.
B) $670,000.
C) $667,000.
D) $655,000.