On January 1, 2013, Proven Technology Corporation's Common Shares Account

Multiple Choice

On January 1, 2013, Proven Technology Corporation's common shares account had a balance of $250,000, representing 25,000 shares issued at $10 per share. On May 15, 2013, 12,000 shares were issued for $150,000 cash. On August 31, 2013, a 10% stock dividend was declared and distributed. What is the balance in Common Shares appearing on the statement of shareholders' equity on December 31, 2013?

A) $440,000
B) $300,000
C) $400,000
D) $415,000