On June 30, 2019, Shady Company showed the following data on the equity section of their balance sheet: Stockholders' equity Common stock, OMR1 par 100,000 shares authorized OMR40,000 40,000 shares issued 260,000 Paid-in capital in excess of par Retained earnings Total stockholder's equity 940,000 OMR1,240,000 On July 1, 2019, Shady distributed a 5% stock dividend. The market value of the stock at that time was OMR13 per share. Following this transaction, what would the new balance in Retained earnings be? Select one O a OMR 914,000 O b: OMR 916,000 OC. OMR 966,000 Od OMR 942,000