On June 30, 2018, Dakota, Inc. showed the following data on the equity section of their balance sheet: Stockholders' Equity Common Stock, $1 par; 195,000 shares authorized, 149,000 shares issued and outstanding Paid - In Capital in Excess of ParCommon Retained Earnings Total Stockholder's Equity $149,000 $260,000 949,000 $1,358,000 On July 1, 2018, the company declared and distributed a 11% stock dividend. The market value of the stock at that time was $20 per share. As a result of this stock dividend, what is the balance of Retained Earnings? O A. $770,580 OB. $621,200 O c. $951,000 OD. $981,780