A company reported total stockholders' equity of $165,000 on its balance sheet dated December 31, 2021. During the year ended December 31, 2022, the company reported net income of $21,500, declared and paid a cash dividend of $5,500, declared and distributed a 10% stock dividend with a $6,500 total market value, and issued additional common stock for $35,000. What is total stockholders' equity as of December 31, 2022?

A $222,500.

B $216,000.

C $209,500.

D $227,000.