In 2014, Draper Company discovered errors made in 2011-2013, its first three years of operation. 2013 2012 2011 $1,300 950 $900 700 Items not recognized: Prepaid expenses Accrued expenses Other information: Reported net income Dividends declared and paid Common stock and additional paid in capital at 12/31 $23,000 4,100 22,000 $25,000 2,600 17,000 $550 800 $20,000 5,000 15,000 Corrected 12/31/13 Total Equity will be: Select one: O a. $78,450 O b. $110,300 c. $77,950 d. $110,650 e. $78,650