On a companys December 31, 2021 balance sheet, they report $100,000 of owners equity. In 2022 so far, they have received exactly $270,000 in gross sales, and $115,000 of net income, and paid out $40,000 in owners distributions before net income. What is the companys current equity position?

A. $175,000

B. $215,000

C. $330,000

D. $370,000