The shareholders' equity section of Zagreb Corp. on December $31,2019,$ was:

Common shares, no par value; authorized $20,000$ shares;

issued and outstanding $10,000$ shares $ $50,000$

Retained earnings $200,000$

$ $250,000$

On February $28,2020,$ when the market value of Zagreb$$s shares was $ $12$ per share, the board of directors declared a $15\%$ stock dividend, and accordingly $1,500$ additional shares were issued. For the two months ended February $28,2020,$ Zagreb reported a net loss of $ $20,000.$

What amount should Zagreb report as retained earnings on February $28,2020?$

Question $22$Select one:

a$.$

$ $182,000$

b$.$

$ $180,000$

c$.$

$ $198,000$

d$.$

$ $162,000$