Dillinger Inc. is planning to raise additional capital for expansion by selling 500,000 common shares at $16 each. The existing stockholders' equity section of its balance sheet is shown below. What will the retained earnings figure be immediately after the sale of the new equity?

Common stock; $1 par value; authorized, 3,000,000 shares; issued and outstanding, 3,000,000 shares	$3,000,000
Additional paid-in capital	$6,500,000
Retained earnings	$4,752,000
Total stockholders' equity	$14,252,000

a. $4,752,000

b. $12,252,000

c. $3,500,000

d. $14,000,000