8.Val's Marina Supply has 5,500 shares of stock outstanding with a par value of $1 per share and a market value of $33 per share. The balance sheet shows $5,500 in the common stock account, $29,600 in the capital in excess of par account, and $56,400 in the retained earnings account. The firm just announced a 100 percent stock dividend. What is the value of the capital in excess of par account after the dividend?

A.$24,100

B.14800

C.29600

D.59200

E.205600

Please show how you arrived at the answer so that I may study it.