David Bash's Landscaping Company has the following list of assets, liabilities, revenues and expenses on December 31, 2016, which is the end of its first year of operations:

Common stock $40,400

Accounts payable 5,000

Salary expense 15,000

Repairs expense 2,200

Dividends 10,000

Truck 24,000

Equipment 22,200

Notes payable 12,800

Cash 60,400

Supplies expense 5,400

Service revenue 77,200

Gasoline expense 2,200

The stockholders' equity for David Bash's Landscaping on December 31, 2016 is:

A.

$106,400

B.

$82,800

C.

$100,800

D.

$92,600