Following Is the Shareholders' Equity Section of the Balance Sheet

Multiple Choice

Following is the shareholders' equity section of the balance sheet of the Everslim Corporation:
$\begin{array}{lc}\text { Share capital: }\\\text { Preferred shares, } 420,000 \text { shares authorized, }\\4,000 \text { shares of } \$ 1.50 \text { preferred issued }&\$400,000\\\text { Common shares, } 100,000 \text { shares authorized, }\\30,000 \text { shares issued } & \underline{150,000} \\\text { Total share capital } & \$ 550,000 \\\text { Retained earnings } & \underline{267,000} \\\text { Total shareholders' equity } & \underline{\$ 817,000} \\\end{array}$

The preferred shares are currently selling for $102.25 per share and the common shares are currently selling for $11.50 per share.

The total share capital after the distribution of a $66,000 dividend is:

A) $400,000
B) $550,000
C) $150,000
D) $817,000