Bauer Bowties, Inc. has declared a stock dividend at the end of business on December 31,2020 . The stock dividend provides an increase of 20% of outstanding shares. The stock price at the time of the stock dividend is $24.7. Based on those two figures and the data below (which represent the total stockholder equity right before the stock dividend), how much would Bauer Bowties have in retainedeamings right after the stock dividend? Please enter the estimate to the nearest dollar. Bauer Bowties Stockholders' Equity (Right Before Stock Dividend) Retained Earnings Total Stockholder Equity $3,520,000