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On June 30, 2024, Dakota, Inc. showed the following data on the equity section of their balance sheet Stockholders' Equity Common Stock, $1 par.

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On June 30, 2024, Dakota, Inc. showed the following data on the equity section of their balance sheet Stockholders' Equity Common Stock, $1 par. 202,000 shares authorized 154.000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $154,000 $280,000 942,000 $1,376,000 On July 1, 2024, the company declared and distributed a 5% stock dividend. The market value of the stock at that time was $16 per share. After closing the stock dividend, what is the balance of Retained Eamings? OA $7.500 O $44,000 OC. 1957 400 OD. 1818.800

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