On December 31, 2010, the stockholders' equity section of Arndt, Inc., was as follows:

Common stock, par value $10; authorized 30,000 shares;

issued and outstanding 9,000 shares $ 90,000

Additional paid-in capital 116,000

Retained earnings 174,000

Total stockholders' equity $380,000

On March 31, 2011, Arndt declared a 10% stock dividend, and accordingly 900 additional shares were issued, when the fair market value of the stock was $18 per share. For the three months ended March 31, 2011, Arndt sustained a net loss of $32,000.

Required:

The balance of Arndt