Question 16 (1 point) On January 1, 2016, Proven Technology Corporation's common shares account had a balance of $250,000, representing 25,000 shares issued at $10 per share. On May 15, 2016, 12,000 shares were issued for $150,000 cash. On August 31, 2016, a 10% stock dividend was declared and distributed. What is the balance in Common Shares appearing on the statement of shareholders' equity on December 31, 2016? a) $440,000 b) $415,000 c) $400,000 O d) $300,000 action 47 Cound