In its annual report to shareholders, Minerva Company reported that its shareholders equity increased from $109 million as of the beginning of the year to $115 million at year-end. Which of the following is a likely cause of this change in shareholders' equity?

Select one:

A. The company distributed more dividends than it earned in profit during the year.

B. The company had an operating loss during the year.

C. The company was profitable during the year.

D. The company's liabilities increased during the year.