As of December 31, 2015, Cargill Corporation had 1,550,000 common shares authorized, 250,000 of which had been issued for proceeds of $2.51 million. The Retained Earnings balance was $1,300,000.

On January 18, 2016, 50,000 common shares were issued at $20 per share. Profit for 2016 was $181,000. No dividends were declared in 2016.

The balances in the shareholders' equity section of the statement of financial position at December 31, 2016 will be:

Retained earnings $1,481,000; Common shares issued $3,510,000
	Retained earnings $1,380,000; Common shares issued $3,300,000
	Retained earnings $1,481,000; Common shares issued $290,000
	Retained earnings $1,380,000; Common shares issued $2,580,000
	None of the above