Paden City reported the following information at December $31$:

Preferred Stock, $$2\mathrm{.}00$ par, $10,000$ shares authorized

$ $5,400$

Additional paid$-$in capital $$ preferred stock

$4,995$

Common stock, $$1\mathrm{.}00$ par, $6,000$ shares authorized

$1,800$

Additional paid$-$in capital $$ common stock

$4,350$

Retained earnings

$8,500$

Treasury stock, at cost of $$4$ per share

$(1,000)$

Total

$$24,045$

Paden City's common stock was selling for $$12$ per share at year$-$end.

If the company declares a $10\%$ common stock dividend, what will be the amount of total shareholders' equity at year$-$end?

Select one:

A$.$ $ $5,400$

B$.$ $$15,950$

C$.$ $$15,500$

D$.$ $$24,045$