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On June 30, 2024, Dakota, Inc. showed the following data on the equity section of their balance sheet:
| Stockholders' Equity | |
| Common Stock, $1 par; 203,000 shares authorized, 147,000 shares issued and outstanding | $147,000 |
| PaidIn Capital in Excess of ParCommon | $263,000 |
| Retained Earnings | 952,000 |
| Total Stockholders' Equity | $1,362,000 |
On July 1, 2024, the company declared and distributed a
5%
stock dividend. The market value of the stock at that time was
$20
per share. After closing the stock dividend, what is the balance of Retained Earnings?
A.
$954,000
B.
$873,100
C.
$805,000
D.966,700
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