nd On September 30, 2020, Violet Company issued 4,000 shares of its P100 par share capital in connection with a stock dividend. The market value per share on the date of declaration was P150. Violet's shareholders' equity accounts immediately before the issuance of the stock dividend shares were as follows: Share Capital, P100 par. 50.000 shares authorized. 20,000 shares outstanding Share Premium Retained Earnings 2,000,000 3,000,000 1,500,000 What should be the retained earnings balance immediately after the stock dividend? 1.100,000 1.500.000 900.000 2.300.000