The equity section of CFAS, Inc. as of 31 December 2020 was as follows: [Ordinary shares, P2 par value], [10,000 shares issued P 20,000] [Reserves 30,000) (Retained earnings 90,000] [Total P140,000] On 1 March 2021, the board of directors declared a 15% shares dividend, and accordingly 1,500 additional shares were issued. On 1 March 2021, the fair market value of the shares was P6 per share. For the two-month period ending 28 February 2021, CFAS sustained a net loss of P10,000. What amount should CFAS report as retained earnings as of 1 March 2021? * P71,000 OP81,000 O P77,000 OP87,000