34. Which of the following represents the total number of shares that a corporation may issue under the terms of its charter? A) Authorized shares B) Issued shares C) Unissued shares D) Outstanding shares 35. The stockholders' equity section of Gunkel Corporation as of December 31, 2017, 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 85,000 $135,000 On March 1, 2018, the board of directors declared a 15% stock dividend, and accordingly 1,500 additional shares were issued. On March 1, 2018, the fair value of the stock was $6 per share. For the two months ended February 28, 2018, Gunkel sustained a net loss of $15,000. What amount should Gunkel report as retained earnings as of March 1, 2015? A) $61,000. B) $67,000. C) $71,000. D) $77,000