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A company with 110,000 authorized shares of $8 par common stock issued 47,000 shares at $12. Subsequently, the company declared a 29 stock dividend on

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A company with 110,000 authorized shares of $8 par common stock issued 47,000 shares at $12. Subsequently, the company declared a 29 stock dividend on a date when the market price was $24 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? 2.552.00 b. 14.20 130,160 d. $13.40

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