On June 30, 2024, Dakota, Inc. showed the following data on the equity section of their balance sheet:

Stockholders' Equity
Common Stock, $1 par; 203,000 shares authorized, 147,000 shares issued and outstanding	$147,000
PaidIn Capital in Excess of ParCommon	$263,000
Retained Earnings	952,000
Total Stockholders' Equity	$1,362,000

On July 1, 2024, the company declared and distributed a

5%

stock dividend. The market value of the stock at that time was

$20

per share. After closing the stock dividend, what is the balance of Retained Earnings?

A.

$954,000

B.

$873,100

C.

$805,000

D.966,700