A company with 91,031 authorized shares of $6 par common stock issued 48,574 shares at $12. Subsequently, the company declared a 2% stock dividend on a date when the market price was $23 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? When required, round your answer to the nearest dollar. O a. $5,829 O b. $16,515 O c. $22,344 O d. $41,874

A company with 91,031 authorized shares of $6 par common stock issued 40,574 shares at $12. Subsequently, the cornpariy declared a 2% stock dividend on a date when the market price was 123 per share. What is the amount transferted from the retained earnings account to paid-in capital accounts as a result of the stock dividend? When required, round your answer to the nearest dollar. Bi. 516515 z 522.34 d. 541,574