The stockholders' equity section of Sunland Company as of December 31, 2020, was as follows:

Common stock, par value $2; authorized 19000 shares;
	issued and outstanding 9500 shares	$ 19000
Paid-in capital in excess of par		32000
Retained earnings		81000
		$132000

On March 1, 2021, the board of directors declared a 14% stock dividend, and accordingly 1330 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, Sunland sustained a net loss of $15200. What amount should Sunland report as retained earnings as of March 1, 2021?