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Question 3 (3.5 points) On March 1, 2019, Baltimore Corporation

Question 3 (3.5 points)<br/> <br/>On March 1, 2019, Baltimore Corporation

had 75,000 shares of common stock outstanding with a par value of $5 per share. On March 1, Baltimore Corporation authorized a 10% stock dividend when the market value was $12 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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