Ginko Inc. is a Japanese firm located in Kawagoe. At the beginning of the accounting year, the firm had stockholders' equity of JPY 30,000,000. During the accounting year, the firm issued additional shares of stock in exchange for cash of JPY 42,000,000 recorded expenses of JPY 120,000,000 and paid dividends of JPY 8,000,000. At the end of the accounting year, the firm had stockholders' equity of JPY 112,000,000. We shall conclude that the firm had revenues of __________________ during the accounting year.

Select one:

a.

JPY 160,000,000.

b.

JPY 168,000,000.

c.

JPY 202,000,000.

d.

JPY 210,000,000.