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On January 1, 2018 Maplewood corporation had the following balances in its stockholders equity accounts: Common stock, $100,000 (10,000 shares of $10 par value stock);

On January 1, 2018 Maplewood corporation had the following balances in its stockholders equity accounts: Common stock, $100,000 (10,000 shares of $10 par value stock); Additional-Paid-In-Capital: excess over par $20,000; and retained earnings, $50,000. During 2018, the company Issued 2,000 additional shares of common stock for $15 per share, reported net Income of $60,000 and paid cash dividends of $20,000. What amount of stockholders Equity would Maplewood Corporation report on its December 31, 2018 balance sheet?

A. $110,000

B. $90,000

C. $240,000

D. $210,000

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