The shareholders' equity section of the Elmo Company as of December 31, 2021 was as follows: Ordinary Share, P10 par, 20,000 shares authorized 10,000 shares issued and outstanding P100,000 Share Premium 30,000 Retained Earnings 90.000 P220,000 On February 1, 2022the Board of Directors declared a 10% stock dividend. On this date, the market value of the ordinary share was P15 per share. For the three months ended March 31, 2022. Yellow Bell sustained a net loss of P20,000. How much is the retained earnings balance on March 31, 2022? O 55,000 O 55,000.00 55000 No answer text provided