MH Corp. was organized on January 1, 20X4. The firm was authorized to issue 100,000 shares of $5 par value common stock.  During 20X4, MH had the following transactions relating to stockholders' equity:  Issued 10,000 shares of common stock at $7 per share. Issued 20,000 shares of common stock at $8 per share. Reported a net income of $120,000. Paid dividends of $60,000. Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8). What is the total stockholders' equity of MH at the end of 20X4?   Select one: a. $230,000 b. $250,000 c. $260,000 d. $270,000 e. $300,000

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