Reference no: EM132486908

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.