Pluto's has 15,300 shares of stock outstanding with a par value of $1 per share and a market value of $22.10 per share. The balance sheet shows $324,800 in the capital in excess of par account, $15,300 in the common stock account, and $174,700 in the retained earnings account. The firm just announced a small stock dividend of 12 percent. What will be the balance in the retained earnings account after the dividend?

Multiple Choice

• $129,700.00

• $134,124.40

• $128,309.18

• $132,360.00

• $128,509.90