21. Dawkins Company purchased 1,000 shares of Buckhead Corp. common stock for $65 per share. During the year, Buckhead had net income of $50,000 and paid $10,000 in dividends. At the end of the year, Buckhead's stock was trading at $69 per share. Assuming the 1,000 shares represents a 40% ownership stake, what is the total effect of the events described above on Dawkins' owners' equity?

a. Increases $4,000

b. Increases $8,000

c. Increases $16,000

d. Increases $20,000

e. none of the above