On January 1, Roberts Reported Total Stockholders' Equity of $1

On January 1, Roberts reported total stockholders' equity of $1, 300.During the year, $50 of dividends were declared and paid, donated land with a donor book value of $14 and a current fair value of $38 was received, additional common stock was issued for $300, and treasury stock was acquired for $22.The reported total stockholders' equity at December 31 was $1, 406.What was the reported net income or loss for the year?

A) $160 net income
B) $204 net loss
C) $160 net loss
D) $228 net income
E) none of these