QUESTION 16 0.8 pol On December 31, 2017, the stockholders' equity section of Arndt, Inc., was as follows: Common stock, par value $10; authorized 30,000 shares; issued and outstanding 9,000 shares $ 90,000 Additional paid-in capital 116,000 Retained carnings 194.000 Total stockholders' equity $400.000 On March 31, 2018, Arndt declared a 15% stock dividend, and accordingly 1,350 additional shares were issued, when the fair value of the stock was $20 per share. For the three months ended March 31, 2018, Arndt recorded a net income of $40,000. The balance of Amdt's retained earnings as of March 31. 2018, should be O a. $127.000 b. $194,000 OC. $154,800 O d. $207,000