A big corporation had 10,000 $3 preferred shares with an average cost per share of $6.50. Their Common Shares account had a total of $3,554,000 for 1 million shares issued. On the day the board of directors declared a 5% stock dividend on its common shares, the fair market values were $7.50 and $3.25 for preferred and common shares respectively. They also had $714,000 in retained earnings. What was the total amount of shareholders equity AFTER the dividend is declared? $3,619,000 $3,781,500 $4,495,500 $4,333,000