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On December 31, 2021, the stockholders' equity section of Addyson Co. showed 18,000 issued and outstanding common shares and an ending balance in Retained Earnings

On December 31, 2021, the stockholders' equity section of Addyson Co. showed 18,000 issued and outstanding common shares and an ending balance in Retained Earnings of $192,000. On March 31, 2022, Addyson declared a 10 percent stock dividend. The fair market value of the stock was $16 per share. For the three months ended March 31, 2022, Addyson sustained a net loss of $64,000. The balance of Addyson's Retained Earnings as of March 31, 2022, should be $156,800. $99,200. $117,200, $227,200image text in transcribed

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