On December 31, 2011, the stockholders' equity section of Addyson Co. was as follows:

Common stock, par value $10; authorized, 60,000 shares;
issued and outstanding, 18,000 shares ...............
$180,000
Additional paid-in capital ............................ 232,000
Retained earnings ..................................... 192,000
Total stockholders' equity ............................ $604,000

On March 31, 2012, Addyson declared a 10 percent stock dividend, and accordingly 1,800 additional shares were issued, when the fair market value of the stock was $16 per share. For the three months ended March 31, 2012, Addyson sustained a net loss of $64,000. The balance of Addyson's Retained Earnings as of March 31, 2012, should be

A) $99,200.

B) $110,000.

C) $112,000.

D) $128,000.