On December 31, 2017, the Stockholders' Equity section of Mercedes Corporation was as follows: Common stock, par

Question:

On December 31, 2017, the Stockholders' Equity section of Mercedes was as follows:
Common stock, $5; authorized 30,000 shares; issued and outstanding, 9,000 shares
....................................................................$ 45,000
Additional paid-in capital.......................................58,000
Retained earnings................................................73,000
Total stockholders' equity....................................$176,000
On March 1, 2018, the board of directors declared a 10% stock and accordingly issued 900 additional shares. The stock's fair value at that time was $8 per share. For the three months ended March 31, 2018, Mercedes sustained a net loss of $16,000.
Required:
What amount should the company report as retained earnings on its quarterly financial statement dated March 31, 2018?
Corporation
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Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...