17 Required information CBA Inc. has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The stock is currently selling for $34. CBA has $5,000,000 in retained earnings and has declared a stock dividend that will increase the number of outstanding shares by 6% 1 points Ot26 24 What will be the capital in excess of par account value after the stock dividend? O $2,385,000 $2,685,000 O $3,496,000 N O $7,685,000