On March 1, 2019, Baltimore Corporation had 65,000 shares of common

stock outstanding with a par value of $5 per share. On March 1, Baltimore Corporation authorized a 20% stock dividend when the market value was $16 per share. Use this information to calculate the amount either (debited) or credited to retained earnings.  Enter as a negative number if retained earnings is debited and a positive number if retained earnings is credited.

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