Wendell Company provided the following pertaining to its accounting year that ended December $31,2022$:

Common stock with a $$10,000$ par value was issued for $$46,000$ cash

Cash dividends totaling $$21,400$ were declared, of which $$16,400$ were paid

Net income was $$66,000$

A $5\%$ stock dividend resulted in a common stock distribution, which had a $$5,000$ par value and a $$24,400$ market value

Treasury stock repurchased in a prior year for $$10,400$ was resold for $$8,400$ and in the journal entry to record the sale, Additional paid$-$in capital was debited for the

amount of the difference between the repurchase price and the resale price

What is the amount of the increase in Wendell's retained earnings for the year ended December $31,2022?$

Multiple Choice

$$39,600.$

$$20,200.$

$$22,200.$

$$25,200.$