Following is the Jan. 1 stockholders' equity section of the balance sheet of the Harley Company. Use this to answer the next question (set of 3): On January 1. Harley reported a market price on common shares of $28.50 per share: that rose to $33.20 on June 1 and dropped to $30.50 on December 31. On June 1. Harley Company declared and distributed a 10% stock dividend. On December 1. they purchased 500 shares of treasury stock at a cost of $15,000. Net income for the year was $602, 600. On December 31. they declared and paid $132,000 in dividends. The amount of retained earnings capitalized on June 1 would be: $15,000 $84, 600 $85, 500 $99, 600 $91, 500