On December 31, 2003, the stockholders' equity section of Clark, Inc., was as follows: Common stock, par value $10; authorized 30,000 shares; issued and outstanding 18,000 shares $180,000 Additional paid-in capital $232,000 Retained earnings $522,000 Total stockholders' equity $934,000 On March 31, 2004, Clark declared a 10% stock dividend, when the fair market value of the stock was $27 per share. For the three months ended March 31, 2004, Clark sustained a net loss of $96,000. The balance of Clarks retained earnings as of March 31, 2004, should be $377,400. What formula or steps do I take to arrive at $377,400