Inc Began Operations on October 1,2011 $¥ 220,000,000$ , Earned Net Income Of

Multiple Choice

inc. began operations on October 1,2011 . During October, Nigiri sold ordinary shares for $¥ 220,000,000$ , earned net income of $¥ 32,000,000$ , and paid dividends of $¥ 989,000$ . Equity at the end of October is

A) $¥ 252,000,000$
B) $¥ 251,011,000$
C) $¥ 32,000,000$
D) $¥ 31,011,000$