Can somebody help me with this question see below:
On December 31, 2006, the stockholders' equity section of Clark, Inc., was as follows:
Common stock, par value $10; authorized 30,000 shares;
issued and outstanding 9,000 shares $ 90,000
Additional paid-in capital 116,000
Retained earnings 174,000
Total stockholders' equity $380,000
On March 31, 2007, Clark declared a 10% stock dividend, and accordingly 900 additional shares were issued, when the fair market value of the stock was $18 per share. For the three months ended March 31, 2007, Clark sustained a net loss of $32,000. The balance of Clark's retained earnings as of March 31, 2007, should be
a. $125,800.
b. $133,000.
c. $134,800.
d. $142,000.