On December 31, 2011, the stockholders' equity section of Addyson Co. was as follows: Common stock, par value $10; authorized, 60,000 shares; issued and outstanding, 18,000 shares ............... $180,000 Additional paid-in capital ............................ 232,000 Retained earnings ..................................... 192,000 Total stockholders' equity ............................ $604,000 On March 31, 2012, Addyson declared a 10 percent stock dividend, and accordingly 1,800 additional shares were issued, when the fair market value of the stock was $16 per share. For the three months ended March 31, 2012, Addyson sustained a net loss of $64,000. The balance of Addyson's Retained Earnings as of March 31, 2012, should be A) $99,200. B) $110,000. C) $112,000. D) $128,000. Please show all work and explain all answers