CBA Company Reported Total Stockholders' Equity of $85,000 on Its

Multiple Choice

CBA Company reported total stockholders' equity of $85,000 on its balance sheet dated December 31,2010.During the year ended December 31,2011,CBA reported net income of $10,000,declared and paid a cash dividend of $2,000,and issued additional common stock for $20,000.What is total stockholders' equity as of December 31,2011?

A) $117,000
B) $113,000
C) $109,000
D) $101,000