A company with 100,000 authorized shares of $4 par common stock issues 40,000 shares at $8. Subsequently, the company declares a 4% stock dividend on a date when the market price was $12 per share. What is the amount transferred from the retained earnings account to the paid in capital accounts because of the stock dividend? A. $12,800 . B. $19,20 0 C . $32,000 D. $48,80