Question $4$

On December $31,2025,$ the stockholders' equity section of Martinez, Inc., was as follows:

On March $31,2026,$ Martinez declared a $10\%$ stock dividend, and accordingly $1200$ additional shares were issued, when the fair value

of the stock was $$19$ per share. For the three months ended March $31,2026,$ Martinez sustained a net loss of $$41800.$ The balance of

Martinez's retained earnings as of March $31,2026$ is

$$119400.$

$$142200.$

$$131400.$

$$130200.$