The Messacar Companys January 1 balance sheet included Total Equity of $100,000. During the year, 1,000 Common Shares (par $10) were issued for $14,000. Fifty shares of treasury shares were purchased for $15 each. Total Equity at December 31 was:

a.

$110,000

b.

$114,000

c.

$114,750

d.

$113,250

e.

$109,250