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 31,2010.During the year ended December 31,2011,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 31,2011?

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