On January 1, 2007, Mendez Corporation had the following stockholders' equity account balances:

Accumulated other comprehensive income	$ 30,000
Additional paid-in capital on common stock	80,000
Common stock, $5 par (30,000 shares authorized)	50,000
Retained earnings	140,000

During 2007, the following events occurred in the order listed and were properly recorded:

a.	The company issued 3,000 shares of common stock at $20 per share.
b.	The company earned net income of $26,300.
c.	The company paid a $1.20 per share dividend on its common stock.
d.	The company experienced an unrealized decrease in the value of its investment in available-for-sale securities of $3,000.

How much is the companys beginning stockholders equity?

a.	$140,000
b.	$130,000
c.	$270,000
d.	$300,000