On December 31, 2011, the stockholders' equity section of Addyson Co. was as follows:

On March 31, 2012, Addyson declared a 10 percent stock dividend, and accordingly 1,800 additional shares were issued, when the fair market value of the stock was $16 per share. For the three months ended March 31, 2012, Addyson sustained a net loss of $64,000. The balance of Addyson's Retained Earnings as of March 31, 2012, should be

Question

On December 31, 2011, the stockholders' equity section of Addyson Co. was as follows:

On March 31, 2012, Addyson declared a 10 percent stock dividend, and accordingly 1,800 additional shares were issued, when the fair market value of the stock was $16 per share. For the three months ended March 31, 2012, Addyson sustained a net loss of $64,000. The balance of Addyson's Retained Earnings as of March 31, 2012, should be

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The Answer of On December 31, 2011, the stockholders' equity section of Addyson Co. was as follows:

On March 31, 2012, Addyson declared a 10 percent stock dividend, and accordingly 1,800 additional shares were issued, when the fair market value of the stock was $16 per share. For the three months ended March 31, 2012, Addyson sustained a net loss of $64,000. The balance of Addyson's Retained Earnings as of March 31, 2012, should be

On December 31, 2011, the Stockholders' Equity Section of Addyson