MH Corp. was organized on January 1, 20X1. The firm was authorized to issue 100,000 shares of $5 par value common stock. During 20X1, MH had the following transactions relating to stockholders' equity: Issued 10,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $100,000. Paid dividends of $50,000. Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8). What is the total stockholders' equity of MH at the end of 20X1? Select one: O a $200,000 O b. $250,000 O c. $300,000 Od $270,000 e $230,000