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Question - On December 31, 2017, the stockholders' equity section of Bramble Corp., was as follows:
Common stock, par value $10; authorized 35000 shares; issued and outstanding 10500 shares $105000
Additional paid-in capital 116000
Retained earnings 187000
Total stockholders' equity $408000
On March 31, 2018, Bramble declared a 10% stock dividend, and accordingly 1050 additional shares were issued, when the fair value of the stock was $18 per share. For the three months ended March 31, 2018, Bramble sustained a net loss of $42000. Find the balance of Bramble's retained earnings as of March 31, 2018?
$126100.
$134500.
$145000.
$136600.
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