A company reported the following amounts on its balance sheet at January $1,2022$:

Common Stock, $$10$ par $$28,050$

APIC$-$ Common $82,720$

Retained Earnings $102,300$

On Nov$\mathrm{.}5,2022$ the company declared and distributed a $4\mathrm{.}0\%$ stock dividend on common stock when the stock was selling at $$25$ per share. On December $31,2022,$ the company reported yearly net income to be $$35,200.$ What is the Dec $31,2022$ balance in Retained Earnings and APIC $$ Common after closing entries?

Select one:

a$.$

Retained APIC $-$

Earnings Common

$$137,500$ $$84,403$

b$.$

Retained APIC $-$

Earnings Common

$$134,695$ $$84,403$

c$.$

Retained APIC $-$

Earnings Common

$$137,500$ $$82,720$

d$.$

Retained APIC $-$

Earnings Common

$$136,378$ $$84,403$

e$.$

Retained APIC $-$

Earnings Common

$$134,695$ $$82,720$