The stockholders' equity section of Concord Corporation as of December 31, 2020, was as follows:

Common stock, par value $2; authorized 21100 shares;
	issued and outstanding 10550 shares	$ 21100
Paid-in capital in excess of par		33000
Retained earnings		85000
		$139100

On March 1, 2021, the board of directors declared a 14% stock dividend, and accordingly 1477 additional shares were issued. On March 1, 2021, the fair value of the stock was $7 per share. For the two months ended February 28, 2021, Concord sustained a net loss of $14900. What amount should Concord report as retained earnings as of March 1, 2021?