During 2015, Spend-It Corporation Reported Net Income of $200 and Paid

During 2015, Spend-it Corporation reported net income of $200 and paid a $40 stock dividend. Spend-it's December 31, 2014 statement of financial position reported the following items: common
Stock = $220, capital surplus = $180, retained earnings = $300. What is the value of the retained
Earnings account for the December 31, 2015 statement of financial position?

A) $160
B) $340
C) $360
D) $460
E) $540