On June 30, 2015, Roger Company Showed the Following Data

On June 30, 2015, Roger Company showed the following data on the equity section of their balance sheet: On July 1, 2015, Roger declared and distributed a 5% stock dividend. The market value of the stock at that time was $13 per share. Following this transaction, what would the new balance in Retained Earnings be?

A) $916,000
B) $942,000
C) $966,000
D) $849,000