Luxury Hotels received $36,000 cash from its investors in exchange for shares of the companys stock. During the same year, Luxury Hotels received cash from customers for hotel rooms totaling $410,000, and distributed cash dividends to shareholders totaling $50,000. How much is the net effect of the three events on the company's income statement?

Select one:

A. Increase of $374,000

B. Increase of $360,000

C. Increase of $410,000

D. Increase of $319,000