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16. Based on the following information, the amount of Retained Earning that would appear in the shareholders' equity section for Glenn Corporation at December 31, 2 is 016 Glenn Corporation's shareholders' equity section at December 31, 2015 appears below: Shareholders' equity Share capital Common shares, 82,000 issued Preferred shares, $1 non-cumulative, 10,000 issued Retained earnings Accumulated other comprehensive income s 799,860 20,000 150,000 450,000 $1.419,860 Total shareholders' equity On June 30, 2016, the board of directors declared a 15% stock dividend, distributable on July 3 1 to shareholders of record on July 15. The fair value of Glenn Corporation's shares was $14 on June 30, $18 on July 15, and $20 on July 31. On December 1,2016, the board of directors declared a 2 for 1 stock split effective December 15. Glenn Corporation's shares were selling for $20 on December 1, 2016, before the stock split was declared. Profit for 2016 was $230,000 and there were no cash dividends declared Correct $207,800 To submit via SMS, text NVCCA B t1(613) 777-0647/Text T for help POLL CLOSED