The stockholders' equity section of Milroy Corporation as of December 31, 2012, was as follows: Common stock, par value $2; authorized 20,000 shares; issued and outstanding 10,000 shares $ 20,000 Paid-in capital in excess of par 30,000 Retained earnings 90,000 $140,000 On March 1, 2013, the board of directors declared a 10% stock dividend, and accordingly 1,000 additional shares were issued. On March 1, 2013, the fair market value of the stock was $6 per share. For the two months ended February 28, 2013, Milroy sustained a net loss of $10,000. What amount should Milroy report as retained earnings as of March 2, 2013? a. $74,000. b. $78,000. c. $84,000. d. $88,000