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please show work son can do problem on my own 5. The stockholders' equity section of Milroy Corporation as of December 31, 2018, was as

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5. The stockholders' equity section of Milroy Corporation as of December 31, 2018, was as follows: Common stock, par value $2; authorized 20,000 shares; issued and outstanding 10,000 shares $ 20,000 Paid-in capital in excess of par 30,000 Retained earnings 90.000 S140.000 On March 1, 2019, the board of directors declared a 10% stock dividend, and accordingly 1,000 additional shares were issued. On March 1, 2019, the fair market value of the stock was $6 per share. For the two months ended February 28, 2019, Milroy sustained a net loss of $10,000 What amount should Milroy report as retained earnings as of March 1, 2019

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