The stockholders' equity section of gunkel corporation as of december 31, 2014, was as follows:
common stock, par value $2; authorized 20,000 shares;
issued and outstanding 10,000 shares
$20,000
paid-in capital in excess of par
30,000
retained earnings
95,000
$145,000
on march 1, 2015, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued. on march 1, 2015, the fair value of the stock was $6 per share. for the two months ended february 28, 2015, gunkel sustained a net loss of $15,000.
what amount should gunkel report as retained earnings as of march 1, 2015?

The ending balance of the retained earning is $71,000

Explanation:

For computing the ending balance of the retained earning account, we need to apply the equation which is presented below:

Ending retained earning balance = Beginning retained earning balance - net loss - dividend declared

= $95,000 - $15,000 - (1,500 shares × $6 per share)

= $95,000 - $15,000 - $9,000

= $71,000

The 15% dividend represents additional shares issued

i would have to say its c

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