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Pepper Inc. has 6,500 shares of stock outstanding. The market value is $26.50 per share. The balance sheet shows $48,200 common stock account, and $142,900

Pepper Inc. has 6,500 shares of stock outstanding. The market value is $26.50 per share. The balance sheet shows $48,200 common stock account, and $142,900 in the retained earnings account. The firm just announced a 5 percent stock dividend. What will the balance be in the retained earnings account after the dividend?

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