The stockholders' equity section of Sheridan Corporation as of December 31, 2025, was as follows: Common stock, par value $2; authorized 22000 shares; issued and outstanding 11000 shares Paid-in capital in excess of par Retained earnings $ 22000 O $77200. O $70600. O $63600. O $70200. 29000 89000 $140000 On March 1, 2026, the board of directors declared a 15% stock dividend, and accordingly 1650 additional shares were issued. On March 1, 2026, the fair value of the stock was per share. For the two months ended February 28, 2026, Sheridan sustained a net loss of $15500. What amount should Sheridan report as retained earnings as of March 1, 2026?

The stockholders' equity section of Sheridan Corporation as of December 31,2025 , was as follows: Common stock, par value \$2; authorized 22000 shares; On March 1, 2026, the board of directors declared a 15% stock dividend, and accordingly 1650 additional shares were issued. On March 1, 2026, the fair value of the stock was $6 per share. For the two months ended February 28, 2026, Sheridan sustained a net loss of $15500. What amount should Sheridan report as retained earnings as of March 1, 2026? $77200. $70600. $63600. $70200