The shareholders equity section for 30 June 2020 balance sheet for Charbel Constructions is as follows:

Preference shares (100,000)	$200,000
Ordinary Shares (350,000)	$305,000
Reserves	$160,000
Retained Earnings	$450,700
Total Shareholders equity	$1,860,700

When the market price was 90c per ordinary share, Charbel Constructions declared a share dividend of the same value for ordinary shareholders.

After the share dividend, the components of the company's shareholder's equity section are:

a) Preference shares $200,000. Ordinary shares $1,050,000. Reserves $160,000 Retained Earnings $135,700

b) Preference shares $200,000. Ordinary shares $1,365,000. Reserves $160,000 Retained Earnings $135,700

c) Preference shares $200,000. Ordinary shares $1,365,000. Reserves $130,000 Retained Earnings $135,700

d) Preference shares $200,000. Ordinary shares $1,365,000. Reserves $160,000 Retained Earnings $450,700