On December 31, 2014, the stockholders' equity section of Arndt, Inc., was as follows: On March 31, 2015, Arndt declared a 10% stock dividend, and accordingly 900 additional shares were issued, when the fair value of the stock was $18 per share. For the three months ended March 31, 2015, Arndt sustained a net loss of $32,000. The balance of Arndt's retained earnings as of March 31, 2015, should be

Question

On December 31, 2014, the stockholders' equity section of Arndt, Inc., was as follows:  On March 31, 2015, Arndt declared a 10% stock dividend, and accordingly 900 additional shares were issued, when the fair value of the stock was $18 per share. For the three months ended March 31, 2015, Arndt sustained a net loss of $32,000. The balance of Arndt's retained earnings as of March 31, 2015, should be

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The Answer of On December 31, 2014, the stockholders' equity section of Arndt, Inc., was as follows:  On March 31, 2015, Arndt declared a 10% stock dividend, and accordingly 900 additional shares were issued, when the fair value of the stock was $18 per share. For the three months ended March 31, 2015, Arndt sustained a net loss of $32,000. The balance of Arndt's retained earnings as of March 31, 2015, should be

On December 31, 2014, the Stockholders' Equity Section of Arndt