$2-7$ General problems

On January $3,2016,$ Pop Company pur stock for $$50,000$ cash. Pop accounts fo for $2016$ is $$20,000,$ but it declares no declares dividends of $$120,000.$ What is December $31,2017?$

a$.$ $$47,000$

b$.$ $$50,000$

c$.$ $$62,000$

d$.$ $$65,000$

Son Corporation's stockholders' equity at De

Capital stock, $$100$ par