Jennings, Inc. has an opening balance in Shareholders' Equity of $75,000. During the period, Jennings:

1. issued common stock for $22,000
2. declared common stock dividends of $10,000
3. paid common stock dividends of $8,000
4. revalued an available-for-sale security upward by $3,000
5. recognized a loss of $6,000 on an asset sale
6. reported NI of 16,000

Jennings' ending balance in Shareholders' Equity is closest to: a) $100,000, b) $102,000, c) $106,000