The stockholders’ equity section of FIU as of December 31, 2…
The stockholders’ equity section of FIU as of December 31, 2025, was as follows: Common Stock, par value $2; authorized 20,000 shares: issued and oustanding 10,000 shares $ 20,000 Paid-in capital in excess of par 30,000 Retained earnings 85,000 $135,000 On March 1, 2026, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued. On March 1, 2026, the fair value of the stock was $6 per share. For the two months ended February 28, 2026, FIU sustained a net loss of $15,000. What amount should FIU report as retained earnings as of March 1, 2026?