On January 1 of the Current Year,Jimmy's Sandwich Company Reported

Multiple Choice

On January 1 of the current year,Jimmy's Sandwich Company reported stockholders' equity totaling $122,500.During the current year,total revenues were $96,000 while total expenses were $85,500.Also,during the current year paid $20,000 in cash dividends.No other changes in equity occurred during the year.If,on December 31 of the current year,total assets are $196,000,the change in total stockholders' equity during the year was:

A) A decrease of $9,500.
B) An increase of $9,500.
C) An increase of $30,500.
D) A decrease of $30,500.
E) An increase of $73,500.